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

Allianz SE (OTCMKTS:ALIZY)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $49.36 and last traded at $49.27, with a volume of 167516 shares. The stock had previously closed at $49.01.

Analyst Ratings Changes

Several brokerages have issued reports on ALIZY. Citigroup reaffirmed a “neutral” rating on shares of Allianz in a research report on Friday, May 15th. The Goldman Sachs Group raised shares of Allianz from a “hold” rating to a “buy” rating in a research report on Tuesday, April 21st. One 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Allianz Trading Up 0.5%

The business’s 50-day simple moving average is $46.23 and its two-hundred day simple moving average is $44.54. The company has a market capitalization of $187.43 billion, a PE ratio of 13.69, a PEG ratio of 1.59 and a beta of 0.63.

Allianz (OTCMKTS:ALIZY) last announced its earnings results 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%. On average, analysts forecast that Allianz SE will post 3.56 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.