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

Allianz (OTCMKTS:ALIZY) issued its earnings results on Thursday. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.09, Zacks reports. Allianz had a return on equity of 17.38% and a net margin of 5.69%.

Allianz Stock Up 0.7%

Shares of ALIZY traded up $0.33 during mid-day trading on Thursday, reaching $45.28. 126,325 shares of the stock traded hands, compared to its average volume of 200,616. Allianz has a 12-month low of $33.95 and a 12-month high of $46.24. The stock has a fifty day simple moving average of $44.75 and a 200 day simple moving average of $43.07. The firm has a market cap of $172.25 billion, a price-to-earnings ratio of 15.04, a P/E/G ratio of 1.12 and a beta of 0.63.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Erste Group Bank raised Allianz from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 10th. Royal Bank Of Canada assumed coverage on shares of Allianz in a report on Tuesday, February 17th. They issued a “hold” rating on the stock. Finally, Keefe, Bruyette & Woods upgraded shares of Allianz from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned 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.com, the stock has an average 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.