Allianz (OTCMKTS:ALIZY) Posts Earnings Results, Misses Estimates By $0.18 EPS

Allianz (OTCMKTS:ALIZY) announced its quarterly earnings data on Wednesday. The company reported $1.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.18), Zacks reports. Allianz had a net margin of 5.80% and a return on equity of 17.50%.

Allianz Trading Up 0.5%

ALIZY stock traded up $0.21 during trading on Wednesday, reaching $43.56. 92,614 shares of the stock were exchanged, compared to its average volume of 253,297. The firm’s 50 day moving average is $43.05 and its 200 day moving average is $43.47. Allianz has a twelve month low of $38.44 and a twelve month high of $46.58. The firm has a market cap of $165.72 billion, a P/E ratio of 13.87, a price-to-earnings-growth ratio of 1.39 and a beta of 0.65.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ALIZY shares. The Goldman Sachs Group raised Allianz from a “hold” rating to a “buy” rating in a research note on Tuesday, April 21st. Royal Bank Of Canada started coverage on Allianz in a research note on Tuesday, February 17th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Allianz has a consensus rating of “Hold”.

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.