Allianz (OTCMKTS:ALIZY) Stock Rating Lowered by The Goldman Sachs Group

Allianz (OTCMKTS:ALIZY) was downgraded by The Goldman Sachs Group from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports.

Other analysts have also recently issued reports about the company. Citigroup reaffirmed a “neutral” rating on shares of Allianz in a research report on Friday, May 16th. HSBC cut shares of Allianz to a “hold” rating in a report on Friday, May 16th.

Allianz Trading Up 0.3%

Shares of OTCMKTS:ALIZY opened at $39.65 on Tuesday. The company has a 50-day moving average price of $39.15 and a 200-day moving average price of $34.65. The company has a market cap of $153.12 billion, a price-to-earnings ratio of 15.13, a price-to-earnings-growth ratio of 1.26 and a beta of 0.94. Allianz has a 12 month low of $26.50 and a 12 month high of $42.99.

Allianz (OTCMKTS:ALIZY) last announced its earnings results on Thursday, May 15th. The company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.08). The business had revenue of $60.55 billion for the quarter, compared to the consensus estimate of $21.13 billion. Allianz had a net margin of 5.54% and a return on equity of 16.34%. As a group, research analysts forecast that Allianz will post 2.63 EPS for the current fiscal year.

Allianz Company Profile

Allianz SE, together with its subsidiaries, provides property-casualty insurance, life/health insurance, and asset management products and services worldwide. The company’s Property-Casualty segment offers various insurance products, including motor liability and own damage, accident, general liability, fire and property, legal expense, credit, and travel to private and corporate customers.