|Bid||191.22 x 214900|
|Ask||191.26 x 10000|
|Day's range||188.54 - 192.20|
|52-week range||148.60 - 223.50|
|Beta (5Y monthly)||1.33|
|PE ratio (TTM)||9.93|
|Earnings date||10 Nov 2021|
|Forward dividend & yield||9.60 (4.77%)|
|Ex-dividend date||06 May 2021|
|1y target est||N/A|
FRANKFURT (Reuters) -Allianz is considering speeding up succession planning for its management board, including for asset management head Jacqueline Hunt whose contract expires next year, following the closure of some of its U.S. investment funds last year. Allianz is facing a slew of investor lawsuits over its Structured Alpha Funds and related investigations by the U.S. Department of Justice (DOJ), Securities and Exchange Commission (SEC) and Germany's Bafin. Allianz' considerations regarding its management revamp also relate to the asset management division, the German insurer said on Monday, adding that the supervisory board will discuss the matter at its next meeting on Sept. 30.
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.