Allianz May Fill Some Voids In The Insurance Market

New York London GMT Tokyo Singapore

Allianz May Fill Some Voids In The Insurance Market

By Zacks Investment Research on March 16, 2009 | More Posts By Zacks Investment Research | Author's Website

Allianz Aktiengesell (AZ) has over 75 million customers and a presence in more than 70 countries. It is the largest insurer in Germany with a market share of 18% of the property and casualty insurance in that country and is a leader in Europe. Allianz is also one of the top insurers worldwide. Its clientele includes nearly half of the Fortune 500 companies.

The downfall of other large financial institutions could provide Allianz the opportunity to increase market share. The sale of Dresdner Bank will reduce earnings volatility for the group going forward.

We are maintaining our Buy recommendation on Allianz after the company’s full-year results. The recent sharp drop in share price has taken the stock to a very attractive level. Our target price is $10.00.

Check Out These Related Posts:

If you like this article please...

Subscribe by RSS Subscribe by Email

Email This Post To A Friend

Recent News:

Stocks Moving Off Highs But Holding Onto Notable Gains - U.S. Commentary - 47 mins ago
Bay Street Market Gains More Than 1% - Canadian Commentary - 1 hr ago
Stocks Give Back Some Ground But Show Continued Strength - U.S. Commentary - 1 hr ago
Existing Home Sales Jump By Much More Than Expected In October - 2 hrs ago
Stocks Seeing Substantial Strength In Mid-Morning Trading - U.S. Commentary - 2 hrs ago

Opinions From Our Contributors

Commodities Physical Gold, Silver And Oil Out-Performing Their Stocks? Silver Hits New Highs At Top Of Uptrend Channel Gold Has Just Barely Entered The Gravity-Free Zone More Than Just Mines: A Look At Other Ways To Profit From Coal, Copper And Ore China Owns The Heavy Stone Has Gold Just Broken Out Of Its Trend Channel? The Dirty Little Secrets Of Warrants, Options & LEAPS Interesting Articles To Read The Forgotten Commodity - Rice Commodity Investing: ETFs Or Mutual Funds? Read More »	Financials U.S. Bank Failures Reach 124 Financial ETFs Still Remain Vulnerable Ron Paul Thinks That Fed “Oversight Is Laughable” Buffett Borrows For Rail Acquisition Investment Ideas: Here Are 3 Dirt Cheap Stocks Treasury To Auction TARP Warrants Dear Reader, We Cannot Criticize Goldman Sachs. Instead, We Admire It 2010 Outlook For The US Banking Industry Get Rid Of Your General Electric Shares Tufts Endowment And Risk Taking? Read More »	Exchange Traded Funds ETF Update: Health Stocks And Health Care Legislation Biggest Gainer ETFs For The Week Ended 22 Nov What You Should Know About Precious Metals ETFs And Taxes Main Street Vs. Wall Street: Using ETFs To Capitalize Why You Should Watch This Leisure & Entertainment ETF Biotech Investing: Spread Your Risks With ETFs Are You Going For Yield With Your ETFs? Rydex Market Timers: At It Again Is An Asset Bubble Forming In Hong Kong’s ETF? Regional Bank ETFs: The Bad And The Good Read More »
Stocks Chart Of The Week: No More Easy Money For Volatility Sellers? 2009 Best Small Companies Part 3 Why Is Pimco’s Bill Gross Investing In Utilities? Morning Movers: LDK Solar, Origin Agritec, USG Stocks To Watch On Monday Thanksgiving Week: Stock Trading Tends To Be Less Bullish Stock Market News: Ebay Website Outage; Microsoft In Discussions With News Corp. To “De-index” Firm’s News Websites From Google Caterpillar (CAT) - Bull Of The Day Stock Investor Sentiment: Will This Week Be Another Repeat Of The Last Two? How Does Volatility Affect Stock Options? Read More »	Forex Forex Trading Ideas: Is Sterling About To Get Pounded? AUD/USD Loses Momentum After Testing The 200-Hour Moving Average Fed Comments Revive Risk Appetite, Sending US Dollar Lower Structural US Dollar Weakness Persists Australian Dollar: Caution Canadian Dollar: Caution Forex Traders Await Tuesday’s German IFO Report Better Existing Home Data Leads To Some US Dollar Buying Swiss Franc: The Downside Prevails Japanese Yen: Under Pressure Read More »	Economy What Is Ron Paul’s Real Agenda When He Talks About Auditing The Fed China: A Riddle Wrapped In An Enigma Should A House Be Treated As A Great Investment? Economic, News And US Earnings Reports For The Week Nov 23 - 27 Spitting On The Boomers’ Financial Legacy Alternatives To The US Dollar As The World’s Reserve Currency The Economists Are Wrong Again There Is A Considerable Gap Between What The Fed’s Saying And What It’s Thinking What’s Triggering America’s Populist Rage? China Will Blow Up Before It Grows Up Read More »