Allianz (OTCMKTS:ALIZY) Sets New 1-Year High – Here’s What Happened

Allianz SE (OTCMKTS:ALIZY)’s share price hit a new 52-week high on Tuesday . The company traded as high as $48.15 and last traded at $48.15, with a volume of 682735 shares changing hands. The stock had previously closed at $47.88.

Analyst Upgrades and Downgrades

A number of research firms have commented on ALIZY. The Goldman Sachs Group raised shares of Allianz from a “hold” rating to a “buy” rating in a research report on Tuesday, April 21st. Citigroup reissued a “neutral” rating on shares of Allianz in a report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Allianz Stock Down 0.9%

The company has a fifty day simple moving average of $45.20 and a 200-day simple moving average of $44.30. The firm has a market cap of $181.92 billion, a P/E ratio of 13.28, a price-to-earnings-growth ratio of 1.56 and a beta of 0.63.

Allianz (OTCMKTS:ALIZY) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. Allianz had a return on equity of 19.92% and a net margin of 6.48%. As a group, research analysts forecast that Allianz SE will post 3.59 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.