Despite a massive capital outflow and a recent cyberattack, Allianz shares remain surprisingly stable, trading at €340.30—a 1.86% gain. A study reveals over half of DAX companies are now foreign-owned, with US investors holding 25.4% of shares, up from 17.1% in 2010. Allianz exemplifies this trend, paying €3.5 billion in dividends to foreign shareholders in 2024. Analysts attribute its resilience to global diversification, with Germany now just one of many markets.
Challenges and Optimism
The insurer faces headwinds, including an FBI probe into a data breach at its US subsidiary, which compromised over a million customer records. Despite this, analysts remain bullish, with five of ten recommending a "buy" and an average price target of €397. Technical indicators suggest volatility, with support at €340. A recently finalized €3.5 billion deal to acquire Viridium Life Insurance may offset near-term pressures, but quarterly results will test investor confidence.
