Allianz (OTCMKTS:ALIZY) Posts Earnings Results, Beats Expectations By $0.09 EPS

Allianz (OTCMKTS:ALIZY) issued its earnings results on Thursday. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.09, Zacks reports. The firm had revenue of $33.04 billion during the quarter. Allianz had a net margin of 5.69% and a return on equity of 17.38%.

Allianz Stock Performance

OTCMKTS ALIZY opened at $45.34 on Friday. The company has a market cap of $172.48 billion, a PE ratio of 15.06, a P/E/G ratio of 1.13 and a beta of 0.63. The firm’s 50 day moving average price is $44.75 and its 200-day moving average price is $43.09. Allianz has a 52-week low of $33.95 and a 52-week high of $46.24.

Analyst Ratings Changes

ALIZY has been the subject of several research reports. Erste Group Bank raised shares of Allianz from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 10th. Keefe, Bruyette & Woods upgraded Allianz from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 9th. Finally, Royal Bank Of Canada initiated coverage on Allianz in a report on Tuesday, February 17th. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

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.