Allianz (OTCMKTS:ALIZY) Issues Earnings Results

Allianz (OTCMKTS:ALIZY) issued its quarterly earnings data on Friday. The company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.16), Zacks reports. Allianz had a return on equity of 19.92% and a net margin of 6.48%.The company had revenue of $23.01 billion for the quarter, compared to analysts’ expectations of $46.69 billion.

Allianz Trading Down 1.0%

Shares of OTCMKTS ALIZY opened at $50.08 on Friday. The stock has a market cap of $190.51 billion, a P/E ratio of 14.11, a P/E/G ratio of 1.63 and a beta of 0.63. Allianz has a twelve month low of $39.44 and a twelve month high of $51.03. The stock has a 50 day moving average of $47.04 and a two-hundred day moving average of $44.85.

Analysts Set New Price Targets

ALIZY has been the topic of several research analyst reports. Citigroup reiterated a “neutral” rating on shares of Allianz in a research note on Friday, May 15th. The Goldman Sachs Group raised Allianz from a “hold” rating to a “buy” rating in a report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Allianz presently has an average rating of “Moderate Buy”.

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.