Allianz: SocGen adds stock to 'premium list'
(CercleFinance.com) - Societe Generale's equity strategists have added German insurer Allianz to their "premium list" on Thursday, as part of a capital reallocation into insurance.
In terms of sector allocation, SG is reducing the weight of banks and is now reallocating into the insurance sector, on which it has a "strong overweight" rating, SG said in a note.
The Allianz share, which has lost 3% so far this year, is currently up 0.5% on the Frankfurt Stock Exchange, in line with the DAX index.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
In terms of sector allocation, SG is reducing the weight of banks and is now reallocating into the insurance sector, on which it has a "strong overweight" rating, SG said in a note.
The Allianz share, which has lost 3% so far this year, is currently up 0.5% on the Frankfurt Stock Exchange, in line with the DAX index.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.