Allianz (OTCMKTS:ALIZY) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Allianz (OTCMKTS:ALIZY) announced its earnings results on Wednesday. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.02, Zacks reports. Allianz had a return on equity of 19.92% and a net margin of 6.48%.

Allianz Price Performance

Shares of Allianz stock traded down $0.49 on Friday, hitting $43.57. The company had a trading volume of 185,615 shares, compared to its average volume of 252,684. Allianz has a twelve month low of $38.44 and a twelve month high of $46.58. The stock has a 50-day moving average of $43.11 and a 200-day moving average of $43.51. The firm has a market capitalization of $165.75 billion, a P/E ratio of 12.10, a P/E/G ratio of 1.39 and a beta of 0.65.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ALIZY. Royal Bank Of Canada started coverage on shares of Allianz in a research report on Tuesday, February 17th. They issued a “hold” rating on the stock. The Goldman Sachs Group raised Allianz from a “hold” rating to a “buy” rating in a research report on Tuesday, April 21st. Finally, Citigroup reissued a “neutral” rating on shares of Allianz in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus 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.