Allianz (OTCMKTS:ALIZY) Sets New 52-Week High – Here’s Why

Allianz SE (OTCMKTS:ALIZY) reached a new 52-week high on Wednesday . The company traded as high as $49.36 and last traded at $49.27, with a volume of 167516 shares changing hands. The stock had previously closed at $49.01.

Analysts Set New Price Targets

Several research analysts recently issued reports on ALIZY shares. The Goldman Sachs Group raised Allianz from a “hold” rating to a “buy” rating in a research report on Tuesday, April 21st. Citigroup reiterated a “neutral” rating on shares of Allianz in a research report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Allianz Stock Performance

The stock has a market cap of $189.64 billion, a P/E ratio of 13.85, a price-to-earnings-growth ratio of 1.58 and a beta of 0.63. The firm’s fifty day simple moving average is $46.40 and its 200-day simple moving average is $44.60.

Allianz (OTCMKTS:ALIZY) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. Allianz had a net margin of 6.48% and a return on equity of 19.92%. Analysts predict that Allianz SE will post 3.55 earnings per share 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.