Allianz (OTCMKTS:ALIZY) Hits New 12-Month High – Here’s Why

Allianz SE (OTCMKTS:ALIZY) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $48.99 and last traded at $48.65, with a volume of 112757 shares traded. The stock had previously closed at $48.16.

Analyst Ratings Changes

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

Allianz Stock Up 1.0%

The company has a 50 day moving average price of $45.85 and a 200-day moving average price of $44.45. The company has a market cap of $185.07 billion, a price-to-earnings ratio of 13.51, a P/E/G ratio of 1.56 and a beta of 0.63.

Allianz (OTCMKTS:ALIZY) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. Allianz had a net margin of 6.48% and a return on equity of 19.92%. On average, analysts forecast that Allianz SE will post 3.58 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.