Allianz (OTCMKTS:ALIZY – Get Free Report) posted its earnings results on Friday. The company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.16), Zacks reports. Allianz had a return on equity of 19.92% and a net margin of 6.48%.The business had revenue of $23.01 billion during the quarter, compared to the consensus estimate of $46.69 billion.
Allianz Trading Down 1.0%
OTCMKTS:ALIZY opened at $50.08 on Friday. The company has a market cap of $190.51 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 1.65 and a beta of 0.63. The company has a 50 day simple moving average of $47.04 and a two-hundred day simple moving average of $44.85. Allianz has a 12 month low of $39.44 and a 12 month high of $51.03.
Wall Street Analysts Forecast Growth
ALIZY has been the topic of several recent analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Allianz in a research report on Friday, May 15th. The Goldman Sachs Group raised Allianz from a “hold” rating to a “buy” rating in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.
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.
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