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

Shares of Allianz SE (OTCMKTS:ALIZY) hit a new 52-week high during trading on Tuesday . The company traded as high as $50.06 and last traded at $49.74, with a volume of 154208 shares traded. The stock had previously closed at $49.76.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Citigroup reiterated a “neutral” rating on shares of Allianz in a research note 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 analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Allianz Trading Down 0.0%

The firm has a market capitalization of $189.22 billion, a price-to-earnings ratio of 13.82, a P/E/G ratio of 1.62 and a beta of 0.63. The company’s 50 day moving average is $46.60 and its 200-day moving average is $44.68.

Allianz (OTCMKTS:ALIZY) last released its quarterly earnings data on Wednesday, May 13th. The company reported $1.15 earnings per share (EPS) for the quarter, beating 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%. Research analysts expect that Allianz SE will post 3.55 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.