The Allianz stock: 2023 Forecast Confirmed

Last Updated: 13. November 2023By

After mixed quarterly results, the Allianz share has hardly moved in the end. Although sales in Q3 have increased, the operating result has fallen short of the previous year’s quarter. At just under 3.5 billion euros, this was about 15 percent below the 3rd quarter of 2022.
Higher costs, including those caused by severe storms in the summer, have weighed on the Allianz’s result—yet the DAX company remains on track for its annual goals. In the long run, the Allianz share is worth a look anyway. The business is running, the paper is not highly valued and the dividend is impressive.

Although the operating profit of Allianz AG has fallen in the third quarter, analysts had expected an even worse result beforehand. While the business volume increased by 4.5 percent, the net profit fell by 30 percent to just under 2 billion euros.

After 9 months of the year, the operating profit of Allianz is just under 11 billion euros, which is why the company is sticking to its goals for 2023—the operating profit should settle at a similar level to 2022, between 13.2 and 15.2 billion euros.

Allianz Share: Still Interesting for Long-Term Investors Although the quarterly figures were not exactly exhilarating and falling profits with higher sales never go over well. However, this development is mainly due to the high costs for natural disasters in Q3 (1.3 billion euros). The annual goals so far are not in danger.

Therefore, the Allianz share was not able to benefit from the quarterly figures nor did it collapse. In the coming weeks, it will primarily depend on whether the insurance giant will have to struggle with high costs due to natural disasters in Q4. In the short term, a year-end rally on the Allianz share is just as conceivable as a weak year-end.

In the long run, however, it looks different—the Allianz share remains interesting for long-term investors for several reasons: On the one hand, the development is right, the business is humming. On the other hand, the Allianz share is not overvalued with a P/E ratio of around 10. The dividend yield of around 5 percent is also a strong argument for investors.