Allianz (OTCMKTS:ALIZY) Reaches New 12-Month High – Here’s What Happened

Shares of Allianz SE (OTCMKTS:ALIZY) hit a new 52-week high during trading on Friday . The company traded as high as $48.44 and last traded at $48.42, with a volume of 80614 shares trading hands. The stock had previously closed at $47.92.

Wall Street Analysts Forecast Growth

ALIZY has been the subject of a number of recent research reports. The Goldman Sachs Group upgraded shares of Allianz from a “hold” rating to a “buy” rating in a research note on Tuesday, April 21st. Citigroup reiterated a “neutral” rating on shares of Allianz in a research 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. Based on data from MarketBeat.com, Allianz currently has an average rating of “Moderate Buy”.

Allianz Stock Up 0.6%

The company has a market cap of $183.48 billion, a PE ratio of 13.40, a P/E/G ratio of 1.54 and a beta of 0.63. The stock has a 50-day moving average of $45.51 and a 200-day moving average of $44.38.

Allianz (OTCMKTS:ALIZY) last posted its earnings results on Wednesday, May 13th. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. Allianz had a return on equity of 19.92% and a net margin of 6.48%. Research analysts expect that Allianz SE will post 3.59 EPS for the current 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.