Allianz (OTCMKTS:ALIZY) Sets New 52-Week High – Here’s Why

Allianz SE (OTCMKTS:ALIZY)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $51.19 and last traded at $51.15, with a volume of 6357 shares changing hands. The stock had previously closed at $50.44.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ALIZY shares. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Allianz in a research report on Monday. The Goldman Sachs Group upgraded shares of Allianz from a “hold” rating to a “buy” rating in a report on Tuesday, April 21st. Finally, Citigroup reissued a “neutral” rating on shares of Allianz in a research report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Allianz Price Performance

The company has a market capitalization of $194.24 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of 1.64 and a beta of 0.63. The firm’s fifty day simple moving average is $47.61 and its 200 day simple moving average is $45.05.

Allianz (OTCMKTS:ALIZY) last released its quarterly earnings data on Friday, August 7th. The company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.16). The company had revenue of $23.01 billion for the quarter, compared to analysts’ expectations of $46.70 billion. Allianz had a net margin of 6.31% and a return on equity of 18.61%. On average, equities research analysts anticipate that Allianz SE will post 3.57 EPS for the current fiscal 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.