Allianz is free of legacy

Allianz is free of legacy
alliance logo

Investors are now turning their attention back to operating business. There are challenges here too.


(Photo: DPA)

Munich the vast majority of allianceShareholders heaved a sigh of relief last Tuesday. That day, the Munich insurer announced that it had settled with US authorities in a dispute over – as it is now known – fraud hedge fund strategies by fund subsidiary AGI in the United States. In the end, the financial damage should be around six billion euros.

“The amount of the fine is sensitive, but manageable,” says Stephen Weil, evaluating the costly settlement in embarrassing disaster. He is the fund manager of Cooperative Consortium Investments, whose company currently holds about 1.8 percent of Allianz’s shares.

With the agreement in the United States, months of uncertainty have ended. So, with record earnings, high dividends, and regular share buyback programs, is now the time to buy Allianz stock?

read now

Get access to this and every other article

Free for 4 weeks on the web and in our app.

continue

read now

Get access to this and every other article

Free for 4 weeks on the web and in our app.

continue

READ  Sparksay embraces online banking: customers get a new function
Written By
More from Thalia Vaughn
Trump revises lawsuit to block release of tax records following Supreme Court docket ruling
The amended lawsuit is Trump’s work to block the subpoena to his...
Read More
Leave a comment

Your email address will not be published. Required fields are marked *