Disclaimer: Adib owns AZSEY In his Covestor Dividend Value Plus Model.
December 1, 2010: I added one new company to the Dividend Value Plus model in Nov 2010.
Allianz SE (AZSEY) is an integrated financial services provider. The Company serves approximately 75 million customers in about 70 countries. Allianz SE operates and manages its activities primarily through four operating segments: Property-Casualty, Life/Health, Asset Management, and Corporate and Other. It offers a variety of 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. It offers life and health insurance products on individual and group basis. It acts as a global provider of institutional and retail asset management products and services to third-party investors. It owns PIMCO and has more than $1 trillion in AUM.
I purchased the ADR in the model that are traded over the counter in the US. Holders of the ADR are also eligible for dividends. Details of the ADR can be found at Allianz Website (https://www.allianz.com/en/investor_relations/shareholder_service/faq/adr/page1.html)
The investment objective of the Dividend Value Plus model is to seek maximum total return through a combination of long-term capital appreciation and dividend income. The model primarily invests in common stocks of U.S. companies that I believe are undervalued. I employ a value investing approach using bottom up fundamental research.
