As broader markets grapple with geopolitical tensions and rising oil prices, shares of Munich-based insurance giant Allianz are demonstrating notable resilience. The stock closed at €376.60 on Thursday, holding firm while Germany’s DAX index declined. This strength is underscored by a fresh technical signal: the share price has crossed above its 100-day moving average, currently at €373.04, a move often interpreted by chart watchers as confirmation of a medium-term uptrend.
The fundamental backdrop for this performance is a record year. For the 2025 financial year, Allianz posted an operating profit of €17.4 billion. The board has proposed a corresponding dividend of €17.10 per share, an 11 percent increase over the prior year. This payout will be a central topic at the company’s Annual General Meeting on 7 May 2026. The stock has gained over 13 percent in the past twelve months, a performance further supported by a share buyback program of up to €2.5 billion that commenced in February.
The upcoming shareholder meeting marks a significant leadership transition. Michael Diekmann, who shaped the company for decades, is stepping down as Chairman of the Supervisory Board. Dr. Jörg Schneider is poised to succeed him immediately following the event.
Investors will also vote on a substantial overhaul of the board’s long-term compensation scheme. The new system introduces stricter performance hurdles, directly tying executive bonuses more closely to relative stock performance. Future long-term bonuses will be forfeited if Allianz underperforms the STOXX Europe 600 Insurance Index by more than 25 percentage points over a four-year period, a significant tightening from the previous 50-point buffer.
Should investors sell immediately? Or is it worth buying Allianz?
The second week of May is densely packed with key dates for shareholders:
* 7 May 2026: Annual General Meeting and leadership election
* 8 May 2026: Ex-dividend date
* 12 May 2026: Payment of the record dividend
* 13 May 2026: Publication of first-quarter 2026 results
The Q1 figures, due on 13 May, will provide the first concrete evidence of whether management’s full-year operating profit target of approximately €17.4 billion remains achievable. Analyst expectations for the current year are solid, with earnings per share forecast at €30.48.
The average analyst price target for Allianz shares currently stands at €392.88. Private bank Berenberg stands out with a clear buy recommendation and a more ambitious target of €504.00. Looking further ahead, experts project the dividend could rise to €18.29 per share for the 2026 financial year. The confluence of a major payout, a leadership reset, and fresh quarterly data makes this period a defining moment for the insurer’s investment case.
Ad
Allianz Stock: Buy or Sell?! New Allianz Analysis from October 15 delivers the answer:
The latest Allianz figures speak for themselves: Urgent action needed for Allianz investors. Is it worth buying or should you sell? Find out what to do now in the current free analysis from October 15.
Allianz: Buy or sell? Read more here...
