|Bid||190.88 x 214900|
|Ask||191.00 x 10000|
|Day's range||190.20 - 194.18|
|52-week range||148.60 - 223.50|
|Beta (5Y monthly)||1.32|
|PE ratio (TTM)||9.17|
|Forward dividend & yield||9.60 (5.03%)|
|Ex-dividend date||06 May 2021|
|1y target est||N/A|
The U.S. Department of Justice (DOJ) investigation into German insurer Allianz is looking at possible misconduct by fund managers and misrepresentation of risk to investors, three people with knowledge of the matter told Reuters. The probe, disclosed by the company on Aug. 1, is focused on Allianz funds that used complex options strategies to generate returns but racked up massive losses when the spread of COVID-19 triggered wild stock market swings in February and March 2020. The DOJ is looking into whether managers at Allianz Global Investor's Structured Alpha Funds abandoned a strategy to provide protection against market crashes and how they communicated the amount of risk to investors, the sources said.
Allianz (ALIZY) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.
German regulators have launched an investigation into the country's biggest financial company, Allianz, after the demise of some of its U.S. investment funds last year, people with direct knowledge of the matter told Reuters. The move heightens the pressure on the insurer, which is already facing a slew of investor lawsuits over its Structured Alpha Funds and related investigations by the U.S. Department of Justice (DOJ) and Securities and Exchange Commission (SEC). The German insurer is one of the world's biggest money managers with 2.4 trillion euros ($2.9 trillion) in assets under management through bond giant Pimco and Allianz Global Investors, which managed the funds at the centre of the probes.