Allianz (OTCMKTS:ALIZY) Sees Unusually-High Trading Volume – Still a Buy?

Allianz SE (OTCMKTS:ALIZY) shares saw an uptick in trading volume on Friday . 625,311 shares changed hands during mid-day trading, an increase of 146% from the previous session’s volume of 254,108 shares.The stock last traded at $44.7150 and had previously closed at $45.18.

Wall Street Analyst Weigh In

Several research firms have issued reports on ALIZY. The Goldman Sachs Group upgraded shares of Allianz from a “hold” rating to a “buy” rating in a research report on Tuesday, April 21st. Royal Bank Of Canada began coverage on shares of Allianz in a research note on Tuesday, February 17th. They issued a “hold” rating for the company. Finally, Citigroup reiterated a “neutral” rating on shares of Allianz in a report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Allianz currently has a consensus rating of “Moderate Buy”.

Allianz Stock Down 1.1%

The company’s fifty day simple moving average is $43.46 and its two-hundred day simple moving average is $43.63. The company has a market capitalization of $170.04 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 1.43 and a beta of 0.65.

Allianz (OTCMKTS:ALIZY) last posted its earnings results 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%. Equities research analysts expect that Allianz SE will post 3.62 earnings per share 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.