|Bid||191.74 x 214900|
|Ask||191.76 x 10000|
|Day's Range||190.78 - 192.74|
|52 Week Range||170.12 - 201.40|
|Beta (3Y Monthly)||1.01|
|PE Ratio (TTM)||11.35|
|Earnings Date||May 14, 2019|
|Forward Dividend & Yield||8.00 (4.21%)|
|1y Target Est||213.69|
Allianz X, the venture capital arm attached to German insurance giant Allianz,has increased the size of its fund to €1 billion, around $1
German insurer Allianz said on Wednesday it had more than doubled the size of a fund devoted to digital investments. Allianz X, as the fund is known, has been increased to 1 billion euros (£868.8 million or $1.1 billion), from the 430 million euros originally announced in 2016. "The funds will be used to make additional direct investments in digital companies globally that are strategically relevant for the Allianz Group," it said in a statement.
Allianz X was launched in 2016 with a 430 million-euro checkbook and has done about 15 deals, including an investment in Indonesian ride-hailing firm Go-Jek, German mobile bank N26, and U.S. insurance startup Lemonade. The new funds will target startups where Allianz sees some future cross-selling or use case, the company said in a statement Wednesday. Prior to its investment last year, Allianz Indonesia was offering insurance products to Go-Jek’s riders and customers.
The Stoxx 600 Index rose as much as 1.4 percent, with miners and automakers leading the advance after they fell on Thursday. European Central Bank executive board member Benoit Coeure said a fresh round of longer-term loans to lenders is possible, sending the Euro Stoxx Banks index up as much as 3.1 percent. China’s President Xi Jinping said U.S.-China trade talks will continue next week in Washington and that negotiations between both sides have achieved important progress.
Allianz may slow its share buyback programme after the one announced this week to allow the German insurer to make small acquisitions, the group's finance chief said on Friday after reporting a 19 percent rise in fourth quarter profit. Allianz this week announced it would buy back shares for up to 1.5 billion euros (£1.3 billion) this year. "I can never give a definitive answer, but if you ask me, I wouldn't necessarily expect another new buyback in 2019," Terzariol told Reuters.
Investors pulled 31 billion euros ($35 billion) of funds in the final three months of the year, helping to drive third-party assets under management down by 51 billion euros. Money managers worldwide have struggled to hold on to clients’ funds after investors got jittery in a global market rout that accelerated late last year.
’s (ALV.XE) fourth-quarter net profit rose significantly, boosted by higher operating profit and lower income taxes. Fourth-quarter net profit was 1.70 billion euros ($1.92 billion) compared with EUR1.43 billion a year earlier, the company said Friday. In the asset management division, which includes U.S. fund manager Pacific Investment Management Company, operating profit declined 9.1% on year to EUR633 million.
has announced a new €1.5bn share buyback programme. It has taken a stake in UK-based LV’s general insurance business, and has also bought out the minority interests in trade credit insurer Euler Hermes.
(Bloomberg) -- U.S. equities were mixed and trading volume was muted at the start of a week that could be pivotal for global trade, while lawmakers in Washington continue to negotiate a contentious spending bill. The dollar strengthened for an eighth day, and 10-year Treasuries fell.
Minimal assets have been gathered by a series of funds that link fees to performance, which were launched with fanfare by Fidelity International and Allianz Global Investors in 2018. Active fund managers are being put under pressure from the rise of cheap passive products, and this has caused traditional managers to scramble to offer funds that will be both popular with customers and protect revenue streams. Last year Fidelity and AllianzGI introduced variable management fee versions of some of their Europe-domiciled equity funds.