Allianz (OTCMKTS:ALIZY) Hits New 1-Year High – Here’s What Happened

Allianz SE (OTCMKTS:ALIZY) shares hit a new 52-week high during trading on Friday . The company traded as high as $51.19 and last traded at $51.15, with a volume of 6357 shares traded. The stock had previously closed at $50.44.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Allianz in a report on Monday. Citigroup reissued a “neutral” rating on shares of Allianz in a report on Friday, May 15th. Finally, The Goldman Sachs Group upgraded shares of Allianz from a “hold” rating to a “buy” rating in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Allianz presently has a consensus rating of “Moderate Buy”.

Allianz Price Performance

The stock has a market capitalization of $194.24 billion, a PE ratio of 14.38, a P/E/G ratio of 1.64 and a beta of 0.63. The firm has a fifty day moving average price of $47.61 and a two-hundred day moving average price of $45.05.

Allianz (OTCMKTS:ALIZY) last issued its earnings results on Friday, August 7th. The company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.16). The company had revenue of $23.01 billion for the quarter, compared to analysts’ expectations of $46.70 billion. Allianz had a net margin of 6.31% and a return on equity of 18.61%. On average, research analysts expect that Allianz SE will post 3.57 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.