Allianz SE (ALV) Move Up 0.91% on Dec 8

December 8, 2017 - By Ellis Scott

Shares of Allianz SE (BIT:ALV) last traded at 200.3, representing a move of 0.91%, or 1.8 per share, on volume of 153 shares. After opening the trading day at 198.9, shares of Allianz SE traded in a close range. Allianz SE currently has a total float of shares and on average sees 1,144 shares exchange hands each day. The stock now has a 52-week low of 153.9 and high of 204.3.

Borsa Italiana: A Rising Giant in Europe

The Borsa Italiana, which is also known as the Piazza Affari, is Italy’s main stock exchange. It does not just take pride in being one of the oldest stock exchanges globally; it also takes pride in being one of Europe’s best stock exchanges today. It is an honour to be inside for Allianz SE as well. Needless to say, the Borsa Italiana has led the European economy— in one way or another— to become the globally influential economy that it is today.

On the other hand, the FTSE Milano Italia Borsa (MIB) is the country’s benchmark index. Like the Borsa Italiana, it also has a meaningful impact in the entire European trade and commerce environment.

Borsa Italiana

Napoleonic Kingdom of Italy Viceroy Eugène de Beauharnais had established the Borsa Italiana in February 1808 as one of the first stock exchanges in the world. Based at Palazzo Mezzanotte, Milan, its operations had always been supervised by the government as public entity until 1998.

The London Stock Exchange Group had purchased the Borsa Italiana in an all-stock agreement in 2007, merging it with the London Stock Exchange. It helped Allianz SE received new audience.

On the Borsa Italiana, the pre-market session lasts for an hour, starting at 8:00 a.m. and ending at 9:00 a.m; the regular session lasts for 8.50 hours, starting at 9:00 a.m. and ending at 5:30 p.m.; and the post-market session lasts for 2.50 hours, starting at 6:00 p.m. and ending at 8:30 p.m. The long trading hours give way to international investors who live in countries with different time zones. Consequently, the Borsa Italiana has so much room for growth. Not all stock exchanges have trading hours this long.

Today, the Borsa Italiana has a total market valuation of about $645 billion with over 300 companies listed on it.

FTSE MIB

The FTSE MIB is currently operated by the FTSE. Prior to the takeover of the FTSE in June 2009, it had been operated as the S&P/MIB by the S&P.

The FTSE MIB tracks the 40 largest companies listed on the Borsa Italiana based on market capitalization and with respect to free-floating shares. Different companies of major sectors such as Energy, Financials, Mining, and Telecommunications are included in the FTSE MIB, which represents roughly 80% of the total market valuation on the Borsa Italiana. The components are reviewed quarterly to guarantee the best possible indication of the health of the Italian economy, which plays an important role in the success of the entire European economy. Health of Allianz SE shares attract attention of investors.

The FTSE MIB had hit an all-time high of 50,108.56 points, which also happens to be its best intraday high, in March 2000. On the other hand, it had hit an all-time low of 12,362.52 points in July 2012 mainly because of high borrowing costs in Europe.

Many investors are considering Borsa Italiana stocks because of Italy’s competent trade and commerce landscape. It is one of the best ways to count on the growth of the European economy regardless of whether investors are trading short-term or long-term.

More notable recent Allianz SE (BIT:ALV) news were published by: Reuters.com which released: “Allianz plans to buy rest of Euler Hermes for $2.2 billion” on November 27, 2017, also Forbes.com with their article: “Allianz Prototypes Blockchain For Global Self-Insurance Client” published on November 14, 2017, Reuters.com published: “Allianz well-shielded against takeover attempts: Boersen-Zeitung” on November 18, 2017. More interesting news about Allianz SE (BIT:ALV) were released by: Reuters.com and their article: “Allianz lowers 2017 profit outlook after natural disasters” published on November 09, 2017 as well as Businesswire.com‘s news article titled: “Product Recall Risks Grow as Technology Drives New Triggers, Warns Allianz” with publication date: December 05, 2017.

Allianz SE, together with its subsidiaries, provides property-casualty and life/health insurance, and asset management services and products worldwide. The company has market cap of 88.90 billion EUR. The companyÂ’s Property-Casualty Insurance segment offers various insurance products, including motor liability and own damage, accident, general liability, fire and property, legal expense, credit, and travel insurance products to private and corporate customers. It has a 13.35 P/E ratio. The Company’s Life/Health Insurance segment provides a range of life and health insurance products on individual and group basis, such as annuities, endowment and term insurance, and unit-linked and investment-oriented products, as well as private and supplemental health and long-term care insurance products.