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

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ALIZY. 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 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 assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Allianz Stock Down 0.0%

The firm has a market capitalization of $189.22 billion, a price-to-earnings ratio of 13.82, a P/E/G ratio of 1.62 and a beta of 0.63. The company’s 50 day moving average is $46.60 and its 200 day moving average is $44.68.

Allianz (OTCMKTS:ALIZY) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. Allianz had a net margin of 6.48% and a return on equity of 19.92%. On average, analysts expect that Allianz SE will post 3.55 EPS 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.