Short Interest in Allianz SE (OTCMKTS:ALIZY) Grows By 99.3%

Allianz SE (OTCMKTS:ALIZY) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 102,792 shares, a growth of 99.3% from the July 15th total of 51,573 shares. Based on an average daily volume of 426,915 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Allianz Trading Up 1.1%

Shares of ALIZY opened at $51.10 on Friday. The firm has a market capitalization of $194.39 billion, a P/E ratio of 14.39, a P/E/G ratio of 1.66 and a beta of 0.63. Allianz has a 12-month low of $39.44 and a 12-month high of $51.24. The firm has a fifty day moving average price of $47.77 and a 200-day moving average price of $45.10.

Allianz (OTCMKTS:ALIZY) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.75 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.16). Allianz had a return on equity of 18.61% and a net margin of 6.31%.The company had revenue of $23.01 billion during the quarter, compared to analysts’ expectations of $46.70 billion. Analysts predict that Allianz will post 3.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Citigroup reaffirmed a “neutral” rating on shares of Allianz in a research note 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. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Allianz in a report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

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.