ALLIANZ: PLAN ESTRATÉGICO’27, CUMPLIENDO EXPECTATIVAS (ANÁLISIS BANCO SABADELL)
Plan estratégico'27, cumpliendo expectativas. SOBREPONDERAR.ALV desveló ayer un plan estratégico’27 que, aunque “solo” cumple con las expectativas (los objetivos financieros se sitúan muy en línea con el consenso y BS(e)), es realista y alcanzable. Implica además que devolverá al accionista en 2025e-27e, entre dividendo y recompras comprometidas, un 21% de la capitalización (25.400 M euros BS(e)), generando un remanente en el holding, según nuestras estimaciones, de c.3.000 M euros para crecimiento, M&A o mayor retribución. Mantenemos estimaciones y P.O. (potencial +10%) reiteramos SOBREPONDERAR.
Allianz is engaged in the provision of a range of insurance and asset management products and services. Co. has three business segments: Property-Casualty, which provides insurance products to both private and corporate customers, including motor liability and own damage, accident, general liability, fire and property, legal expense, credit and travel insurance; Life/Health, which provides life and health insurance products including annuities, endowment and term insurance, unit-linked and investment-oriented products and private health and supplemental health and long-term care insurance; and Asset Management, which provides institutional and retail asset management products and services.
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