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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