Allianz (OTCMKTS:ALIZY) Releases Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Allianz (OTCMKTS:ALIZY) posted its quarterly earnings results on Thursday. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.09, Zacks reports. Allianz had a net margin of 5.69% and a return on equity of 17.38%.

Allianz Price Performance

ALIZY traded up $0.17 on Thursday, hitting $45.12. The company had a trading volume of 118,992 shares, compared to its average volume of 200,191. The stock has a market cap of $171.65 billion, a price-to-earnings ratio of 14.99, a price-to-earnings-growth ratio of 1.12 and a beta of 0.63. The company’s fifty day moving average price is $44.75 and its 200 day moving average price is $43.07. Allianz has a 1-year low of $33.95 and a 1-year high of $46.24.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Erste Group Bank upgraded Allianz from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 10th. Keefe, Bruyette & Woods upgraded Allianz from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 9th. Finally, Royal Bank Of Canada started coverage on Allianz in a report on Tuesday, February 17th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average 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.