Allianz (OTCMKTS:ALIZY) Hits New 1-Year High – Should You Buy?

Shares of Allianz SE (OTCMKTS:ALIZY) hit a new 52-week high during trading on Thursday . The stock traded as high as $48.99 and last traded at $48.65, with a volume of 112757 shares trading hands. The stock had previously closed at $48.16.

Analyst Upgrades and Downgrades

ALIZY has been the subject of a number of analyst reports. The Goldman Sachs Group raised Allianz from a “hold” rating to a “buy” rating in a report on Tuesday, April 21st. Citigroup restated a “neutral” rating on shares of Allianz in a research report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Allianz Trading Up 1.0%

The company has a 50 day moving average of $45.85 and a 200 day moving average of $44.45. The firm has a market cap of $185.07 billion, a price-to-earnings ratio of 13.51, a P/E/G ratio of 1.56 and a beta of 0.63.

Allianz (OTCMKTS:ALIZY) last announced its earnings results on Wednesday, May 13th. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. Allianz had a net margin of 6.48% and a return on equity of 19.92%. Equities analysts forecast that Allianz SE will post 3.58 EPS for the current fiscal year.

About Allianz

Allianz SE is a multinational financial services company headquartered in Munich, Germany, with a history dating back to 1890. The company is primarily known as a major global insurer and asset manager, offering a wide range of insurance and risk management products for individuals, businesses and institutional clients. Allianz’s operations encompass property and casualty insurance, life and health insurance, retirement solutions and specialty risk coverage for commercial and corporate customers.

In addition to underwriting insurance, Allianz operates substantial asset management businesses that manage investments on behalf of its insurance operations and external clients.