Allianz (OTCMKTS:ALIZY) Sets New 52-Week High – Should You Buy?

Allianz SE (OTCMKTS:ALIZY) hit a new 52-week high on Monday . The stock traded as high as $45.1825 and last traded at $45.03, with a volume of 48480 shares changing hands. The stock had previously closed at $44.70.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ALIZY shares. Erste Group Bank raised Allianz from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 10th. Keefe, Bruyette & Woods raised Allianz from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Allianz Stock Performance

The stock has a market capitalization of $173.62 billion, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 1.25 and a beta of 0.65. The business has a fifty day simple moving average of $42.09 and a 200 day simple moving average of $41.33.

Allianz (OTCMKTS:ALIZY) last announced its earnings results on Friday, November 14th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.09. Allianz had a net margin of 5.69% and a return on equity of 17.38%. The company had revenue of $32.25 billion during the quarter. On average, sell-side analysts forecast that Allianz SE will post 2.63 earnings per share 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.