Allianz (OTCMKTS:ALIZY) Shares Gap Down – Time to Sell?

Allianz SE (OTCMKTS:ALIZY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $49.29, but opened at $47.1350. Allianz shares last traded at $47.2235, with a volume of 22,328 shares traded.

Analyst Ratings Changes

Separately, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Allianz in a research report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Allianz presently has a consensus rating of “Moderate Buy”.

Allianz Stock Down 4.7%

The business’s 50-day simple moving average is $50.52 and its two-hundred day simple moving average is $46.48. The firm has a market capitalization of $178.68 billion, a price-to-earnings ratio of 13.23, a PEG ratio of 2.21 and a beta of 0.65.

Allianz (OTCMKTS:ALIZY) last posted its earnings results on Friday, August 7th. The company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.16). Allianz had a return on equity of 18.33% and a net margin of 6.31%.The firm had revenue of $23.01 billion for the quarter, compared to analyst estimates of $46.70 billion. Sell-side analysts anticipate that Allianz SE will post 3.56 earnings per share for the current year.

About Allianz

Allianz SE is a Germany-based financial services company that provides insurance and asset-management products to individuals, businesses and institutional clients. Its insurance operations include property and casualty coverage, life insurance, health insurance, retirement solutions and assistance services.

The company serves customers through a global network of subsidiaries and operating businesses across Europe, North America, Asia-Pacific and other international markets. Allianz Partners provides travel, roadside, health and other assistance services, while the group’s asset-management activities include investment management for retail and institutional clients through businesses such as PIMCO and Allianz Global Investors.

Founded in Berlin in 1890, Allianz has developed into one of the world’s major insurance groups.