Allianz (OTCMKTS:ALIZY) Hits New 52-Week High – What’s Next?

Allianz SE (OTCMKTS:ALIZY)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $52.62 and last traded at $52.49, with a volume of 169350 shares changing hands. The stock had previously closed at $51.81.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ALIZY shares. Royal Bank Of Canada reissued a “sector perform” rating on shares of Allianz in a research note on Monday, August 10th. Citigroup restated a “neutral” rating on shares of Allianz in a research note on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Allianz Price Performance

The stock has a market cap of $196.83 billion, a P/E ratio of 14.57, a price-to-earnings-growth ratio of 1.71 and a beta of 0.63. The stock’s 50-day moving average is $48.98 and its two-hundred day moving average is $45.54.

Allianz (OTCMKTS:ALIZY) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.16). The company had revenue of $23.01 billion during the quarter, compared to the consensus estimate of $46.70 billion. Allianz had a net margin of 6.31% and a return on equity of 18.61%. On average, analysts anticipate that Allianz SE will post 3.56 EPS for the current fiscal 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.