$ALV.F

4 stories mentioning ALV.F

Every FINWIRES story that references ALV.F, newest first.

German Shares Jump; Siemens Rises on Mermec Asset Acquisition

German equities rose on Thursday, as investor attention remained focused on the ongoing two-day summit between US President Donald Trump and Chinese President Xi Jinping.Amid a quiet day for local economic news, the blue-chip DAX index ended the trading day 1.32% in the green.Trump and Xi are expected to discuss trade, technology, Iran, and Taiwan, with investors monitoring potential deals on tariffs and artificial intelligence. Semiconductor stocks rallied globally after Reuters reported, citing sources familiar with the matter, that the US cleared Nvidia (NVD.F) to sell its H200 AI chips to 10 Chinese tech companies, including Alibaba, ByteDance, and JD.com.Against this backdrop, German semiconductor manufacturer Infineon Technologies (IFX.F) became the blue-chip index's best performer, climbing 5.76%, while Nvidia's Frankfurt-listed shares gained 4.43%.In other corporate updates, Siemens' (SIE.F) mobility division agreed to buy several core units of Italian railway signaling systems company Mermec Group to bolster its international rail technology portfolio. The acquisition specifically involves Mermec's businesses in Italian wayside signaling, electrification, telecommunication, diagnostics, analytics, and worldwide data infrastructure. The German technology conglomerate gained 2.59% at close.Meanwhile, RBC Capital Markets said Allianz (ALV.F) continues to deliver at a "high level" after the German insurer and asset manager reported that its first-quarter operating profit climbed 6.6% to a record level of 4.52 billion euros and affirmed it remains on track to hit its full-year 2026 operating profit target of 17.4 billion euros, plus or minus 1 billion euros. The stock climbed 2.15%."Allianz's scale and diversification again paid dividends in Q1, with [property and casualty and asset management] in particular well positioned in the current macro environment. Modestly higher inflation expectations seem a net positive for the company. We are now towards the upper-end of FY26 operating profit guidance, with low double-digit implied upside to our unchanged [target price of 400 euros], a premium multiple to composite peers," the research firm wrote, with a sector perform rating.

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US Markets33d ago

Allianz Keeps 2026 Outlook as Property-casualty, Asset Management Power Record Quarterly Profit

Allianz (ALV.F) said Wednesday it is on course to reach its 2026 operating profit target after strong progress in the group's property-casualty and asset management divisions led to a record first-quarter operating result.In what Chief Financial Officer Claire-Marie Coste-Lepoutre described as a "demanding" operating environment, operating profit for the three months ended March 31 jumped 6.6% year over year to a record 4.52 billion euros, beating the mean company-compiled consensus estimate by 4%.Meanwhile, net income attributable to shareholders of the German insurer and asset manager zoomed up to 3.69 billion euros from 2.42 billion euros, 1% ahead of expectations. EPS moved to 9.56 euros from 6.27 euros.At the same time, total business volume declined to 53 billion euros from 54 billion euros. Excluding the effects of foreign-currency translation as well as acquisitions and divestments, internal growth in total business volume was 3.5%, led by the property-casualty segment.Across the group, the property-casualty insurance division recorded the highest-ever quarterly operating profit at 2.41 billion euros, thanks to a higher insurance service result. Operating profit from asset management climbed 5.8% to 857 million euros, with record first-quarter net inflows of 45.2 billion euros.Life/health insurance operating profit dropped 5.1% to 1.35 billion euros amid a volatile environment. Adjusted for foreign currency translation effects as well as the sale of the stakes in Allianz's Indian joint ventures and in UniCredit Allianz Vita, the segment operating profit edged up 3%.With first-quarter operating profit at 26% of the full-year outlook midpoint, Allianz confirmed its guidance for 2026 operating profit in the range of 16.4 billion euros to 18.4 billion euros.The stock gained more than 1% in early morning trade.

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Asia Markets53d ago

Blue-chip DAX Index Slips as German Private Sector Activity Contracts

German shares ended Thursday in the red, as the market processed weak private sector data alongside war-driven oil price hikes.At closing, the blue-chip DAX index lost 0.16%.Business survey data compiled by S&P Global showed that private sector output in Germany contracted for the first time in nearly a year due to the conflict in the Middle East. The Flash Germany Composite PMI output index came in at a 16-month low of 48.3 in April, against the previous 51.9 and the market forecast of 51.1.Zooming out, the flash composite PMI for the eurozone hit a 17-month low of 48.6 in April, compared with the previous 50.7 and expected 50.2, as private sector output tumbled for the first time in 16 months amid strengthening inflationary pressures."The Iran war and the subsequent surge in energy prices are taking their toll on Europe... This dip below the 50-point threshold, which separates growth from contraction, confirms our forecast that Eurozone growth will temporarily stall as a result of the war. Whilst the Bloomberg consensus forecasts GDP growth of 0.2% and 0.3% qoq for Q2 and Q3, we expect growth of just 0.0% and 0.2%," Berenberg said.In corporate news, TUI (TUI1.F) was down 4.24%, as Deutsche Bank Research trimmed the price target of the German leisure, travel, and tourism company's buy-rated stock to 10.5 euros from 12 euros following its fiscal 2026 outlook revision."Key Changes are i) Revenue initial +2-4% growth guidance is suspended, ii) the underlying EBIT Original +7-10% growth vs FY25's EUR1,413m is lowered to a range of EUR1.1-EUR1.4bn, a -6.7-20% cut from initial consensus. Summer bookings are down -7% due to a 'wait and see' approach, with declines in Turkey, Cyprus, and Egypt not fully offset by Western Mediterranean bookings. Positive Development: two cruise ships finally exited the Arabian Gulf and are expected to resume cruises mid-May," the research firm wrote.Meanwhile, Allianz (ALV.F) unit Allianz Global Investors purchased a 51% stake in battery storage platform Green Energy Storage Initiative, or GESI. The acquisition is intended to bolster the German insurer's presence in large-scale battery storage, supporting the infrastructure required for a stable and resilient energy grid. Allianz gained 0.08% at the end of the session.

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Research55d ago

Goldman Sachs Upgrades Allianz to Buy, Raises PT

Goldman Sachs on Tuesday upgraded insurer Allianz (ALV.F) to buy from neutral and increased the price target to 450.00 euros from 410.00 euros.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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