Allianz (OTCMKTS:ALIZY) Reaches New 52-Week High – Here’s What Happened

Shares of Allianz SE (OTCMKTS:ALIZY) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $52.78 and last traded at $52.71, with a volume of 35782 shares traded. The stock had previously closed at $52.02.

Analyst Ratings Changes

A number of research analysts have recently commented on ALIZY shares. Citigroup reiterated a “neutral” rating on shares of Allianz in a research note on Friday, May 15th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Allianz in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Allianz has an average rating of “Moderate Buy”.

Allianz Trading Up 1.4%

The business’s 50-day simple moving average is $49.47 and its two-hundred day simple moving average is $45.75. The firm has a market cap of $200.67 billion, a price-to-earnings ratio of 14.85, a P/E/G ratio of 1.69 and a beta of 0.65.

Allianz (OTCMKTS:ALIZY) last announced its quarterly earnings data 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). Allianz had a net margin of 6.31% and a return on equity of 18.61%. The business had revenue of $23.01 billion during the quarter, compared to analyst estimates of $46.70 billion. On average, analysts forecast that Allianz SE will post 3.57 earnings per share for the current fiscal 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.