Allianz (OTCMKTS:ALIZY) Reaches New 1-Year High – Time to Buy?

Allianz SE (OTCMKTS:ALIZY) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $46.68 and last traded at $46.64, with a volume of 7969 shares. The stock had previously closed at $46.30.

Analysts Set New Price Targets

Several brokerages have issued reports on ALIZY. The Goldman Sachs Group upgraded shares of Allianz from a “hold” rating to a “buy” rating in a research report on Tuesday, April 21st. Citigroup reaffirmed a “neutral” rating on shares of Allianz in a report on Friday, May 15th. One investment 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 MarketBeat.com, Allianz currently has an average rating of “Moderate Buy”.

Allianz Price Performance

The firm’s 50-day simple moving average is $44.93 and its 200 day simple moving average is $44.18. The firm has a market capitalization of $179.25 billion, a price-to-earnings ratio of 13.09, a P/E/G ratio of 1.50 and a beta of 0.64.

Allianz (OTCMKTS:ALIZY) last issued its earnings results on Wednesday, May 13th. The company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. Allianz had a return on equity of 19.92% and a net margin of 6.48%. As a group, research analysts predict that Allianz SE will post 3.6 earnings per share for the current year.

Allianz Company Profile

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.