Allianz (OTCMKTS:ALIZY) Sees Strong Trading Volume – Still a Buy?

Allianz SE (OTCMKTS:ALIZY) saw unusually-strong trading volume on Friday . Approximately 625,311 shares were traded during mid-day trading, an increase of 146% from the previous session’s volume of 254,108 shares.The stock last traded at $44.7150 and had previously closed at $45.18.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ALIZY shares. Citigroup reiterated a “neutral” rating on shares of Allianz in a research note on Friday, May 15th. The Goldman Sachs Group raised shares of Allianz from a “hold” rating to a “buy” rating in a report on Tuesday, April 21st. Finally, Royal Bank Of Canada initiated coverage on shares of Allianz in a report on Tuesday, February 17th. They set a “hold” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Allianz has a consensus rating of “Moderate Buy”.

Allianz Stock Down 1.4%

The company has a market cap of $169.55 billion, a PE ratio of 12.38, a P/E/G ratio of 1.43 and a beta of 0.65. The stock has a 50-day moving average of $43.53 and a 200-day moving average of $43.64.

Allianz (OTCMKTS:ALIZY) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 3.6 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.