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

Allianz SE (OTCMKTS:ALIZY) shares hit a new 52-week high on Tuesday . The stock traded as high as $50.06 and last traded at $49.74, with a volume of 154208 shares traded. The stock had previously closed at $49.76.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group raised shares of Allianz from a “hold” rating to a “buy” rating in a report on Tuesday, April 21st. Citigroup restated a “neutral” rating on shares of Allianz in a report on Friday, May 15th. 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. According to data from MarketBeat, Allianz has a consensus rating of “Moderate Buy”.

Allianz Trading Up 0.6%

The company has a market cap of $191.96 billion, a PE ratio of 14.02, a P/E/G ratio of 1.63 and a beta of 0.63. The firm’s 50-day simple moving average is $46.81 and its two-hundred day simple moving average is $44.77.

Allianz (OTCMKTS:ALIZY) last released its earnings results on Wednesday, May 13th. The company reported $1.15 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts predict that Allianz SE will post 3.55 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.