White Arrow schreef op 23 februari 2024 11:12:
Shares in Allianz slide around 2%, reversing course from a 3% rise in pre-market trade, with a trader pointing to profit taking
Allianz proposed a dividend of 13.8 euros, increasing the target payout ratio from 50% to 60% of net income and announced a new 1 bln euro share buyback
For 2024, the company forecast operating profit of 13.8 to 15.8 billion euros, which at mid-point is below the 15.6 billion euros expectations, a local trader says
"High cash-out vs. weak FY24 guidance," the trader says, adding he expects the shares to see profit taking in the course of the day
Up to the previous session's close, shares were up 5.4%?YTD, at their highest level in nearly 22 years