Allianz (OTCMKTS:ALIZY) Shares Gap Down – Here’s What Happened

Allianz SE (OTCMKTS:ALIZY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $49.29, but opened at $47.1350. Allianz shares last traded at $47.2235, with a volume of 22,328 shares trading hands.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada restated a “sector perform” rating on shares of Allianz in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Allianz presently has an average rating of “Moderate Buy”.

Allianz Trading Down 4.7%

The company’s 50-day moving average is $50.52 and its 200 day moving average is $46.48. The stock has a market capitalization of $178.68 billion, a PE ratio of 13.23, a price-to-earnings-growth ratio of 2.21 and a beta of 0.65.

Allianz (OTCMKTS:ALIZY) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.16). The company had revenue of $23.01 billion during the quarter, compared to analysts’ expectations of $46.70 billion. Allianz had a return on equity of 18.33% and a net margin of 6.31%. Sell-side analysts forecast that Allianz SE will post 3.56 EPS for the current fiscal year.

Allianz Company Profile

Allianz SE is a Germany-based financial services company that provides insurance and asset-management products to individuals, businesses and institutional clients. Its insurance operations include property and casualty coverage, life insurance, health insurance, retirement solutions and assistance services.

The company serves customers through a global network of subsidiaries and operating businesses across Europe, North America, Asia-Pacific and other international markets. Allianz Partners provides travel, roadside, health and other assistance services, while the group’s asset-management activities include investment management for retail and institutional clients through businesses such as PIMCO and Allianz Global Investors.

Founded in Berlin in 1890, Allianz has developed into one of the world’s major insurance groups.