Short Interest in Allianz SE (OTCMKTS:ALIZY) Declines By 69.1%

Allianz SE (OTCMKTS:ALIZY) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 83,127 shares, a decrease of 69.1% from the April 15th total of 268,671 shares. Based on an average daily trading volume, of 384,064 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

ALIZY has been the topic of several recent research reports. The Goldman Sachs Group raised shares of Allianz from a “hold” rating to a “buy” rating in a report on Tuesday, April 21st. Royal Bank Of Canada assumed coverage on shares of Allianz in a research note on Tuesday, February 17th. They set a “hold” rating on the stock. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Allianz currently has a consensus rating of “Hold”.

Allianz Price Performance

Shares of ALIZY stock opened at $44.06 on Friday. The firm has a market cap of $167.61 billion, a P/E ratio of 12.24, a P/E/G ratio of 1.39 and a beta of 0.65. Allianz has a 1-year low of $38.44 and a 1-year high of $46.58. The firm has a fifty day moving average of $43.11 and a two-hundred day moving average of $43.51.

Allianz (OTCMKTS:ALIZY) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $1.15 EPS for the quarter, beating 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%. On average, sell-side analysts expect that Allianz will post 3.64 EPS for the current year.

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.