|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||231.20 - 233.48|
|52-week range||173.31 - 272.02|
|Beta (5Y monthly)||1.31|
|PE ratio (TTM)||9.66|
|Forward dividend & yield||11.68 (5.05%)|
|Ex-dividend date||06 May 2021|
|1y target est||N/A|
The platform, which targets millennial insurance buyers in Germany and the UK, now serves a quarter of a million customers and is making moves to consolidate its position as Europe’s largest 'neo-insurer'.
A U.S. judge said Germany's Allianz SE must face investor claims it wrongly "abandoned" the investment strategies it promised to use on hedge funds that suffered massive losses as the COVID-19 pandemic shook markets early last year. In an 81-page decision, U.S. District Judge Katherine Polk Failla in Manhattan said investors could try to show Allianz was negligent and lacked good faith in managing its Structured Alpha funds. Allianz's funds used complex option strategies to generate predictable returns without excessive risk, but according to the investors, imploded in February and March 2020 after quietly removing hedges designed to minimize losses.
Allianz's head of asset management Jacqueline Hunt is stepping down from the board, the company said in a statement on Thursday, after a scandal over billions of dollars in hedge fund losses prompted a restructuring of the firm's management. Hunt will be replaced by Allianz's chief executive of the life insurance business in Germany, Andreas Wimmer. It said earlier in September it was speeding up succession planning for its management board, including for Hunt, following the closure of some of its U.S. investment funds last year.