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

Allianz SE (OTCMKTS:ALIZY)’s share price reached a new 52-week high on Thursday . The stock traded as high as $51.26 and last traded at $51.10, with a volume of 126927 shares trading hands. The stock had previously closed at $51.00.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ALIZY shares. Citigroup reiterated a “neutral” rating on shares of Allianz in a report on Friday, May 15th. Royal Bank Of Canada restated a “sector perform” rating on shares of Allianz in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Allianz has a consensus rating of “Moderate Buy”.

Allianz Price Performance

The stock has a fifty day simple moving average of $48.21 and a 200-day simple moving average of $45.25. The company has a market capitalization of $194.39 billion, a price-to-earnings ratio of 14.39, a P/E/G ratio of 1.66 and a beta of 0.63.

Allianz (OTCMKTS:ALIZY) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.16). The firm had revenue of $23.01 billion for the quarter, compared to analyst estimates of $46.70 billion. Allianz had a return on equity of 18.61% and a net margin of 6.31%. As a group, equities analysts expect that Allianz SE will post 3.56 EPS for the current fiscal 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.