Allianz (OTCMKTS:ALIZY) Hits New 52-Week High – Still a Buy?

Allianz SE (OTCMKTS:ALIZY) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $46.68 and last traded at $46.64, with a volume of 7969 shares trading hands. The stock had previously closed at $46.30.

Wall Street Analysts Forecast Growth

ALIZY has been the subject of several research reports. Citigroup reissued a “neutral” rating on shares of Allianz in a report on Friday, May 15th. The Goldman Sachs Group raised Allianz from a “hold” rating to a “buy” rating in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Allianz Price Performance

The company has a market cap of $177.56 billion, a PE ratio of 12.97, a price-to-earnings-growth ratio of 1.49 and a beta of 0.64. The company has a 50-day moving average of $44.88 and a 200 day moving average of $44.14.

Allianz (OTCMKTS:ALIZY) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. Allianz had a return on equity of 19.92% and a net margin of 6.48%. Equities research analysts expect that Allianz SE will post 3.6 EPS for the current 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.