Allianz (OTCMKTS:ALIZY) Reaches New 12-Month High – Here’s What Happened

Allianz SE (OTCMKTS:ALIZY) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $48.44 and last traded at $48.42, with a volume of 80614 shares traded. The stock had previously closed at $47.92.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Citigroup restated a “neutral” rating on shares of Allianz in a research report on Friday, May 15th. The Goldman Sachs Group upgraded Allianz from a “hold” rating to a “buy” rating in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Allianz Price Performance

The firm’s 50 day simple moving average is $45.51 and its two-hundred day simple moving average is $44.38. The firm has a market capitalization of $183.48 billion, a P/E ratio of 13.40, a P/E/G ratio of 1.54 and a beta of 0.63.

Allianz (OTCMKTS:ALIZY) last released its quarterly earnings data on Wednesday, May 13th. The company reported $1.15 EPS for the quarter, topping 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%. As a group, equities research analysts forecast that Allianz SE will post 3.59 EPS for the current 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.