Allianz (OTCMKTS:ALIZY) Sees Unusually-High Trading Volume – Time to Buy?

Allianz SE (OTCMKTS:ALIZY) shares saw an uptick in trading volume on Wednesday . Approximately 709,277 shares were traded during trading, an increase of 191% from the previous session’s volume of 243,818 shares.The stock last traded at $51.99 and had previously closed at $52.22.

Analysts Set New Price Targets

ALIZY has been the topic of several recent research reports. Royal Bank Of Canada restated a “sector perform” rating on shares of Allianz in a report on Monday, August 10th. Citigroup reaffirmed a “neutral” rating on shares of Allianz in a research note 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Allianz Price Performance

The firm’s 50-day moving average price is $49.35 and its 200-day moving average price is $45.69. The company has a market cap of $197.97 billion, a price-to-earnings ratio of 14.66, a price-to-earnings-growth ratio of 1.69 and a beta of 0.63.

Allianz (OTCMKTS:ALIZY) last posted its earnings results on Friday, August 7th. The company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.16). Allianz had a net margin of 6.31% and a return on equity of 18.61%. The business had revenue of $23.01 billion for the quarter, compared to analyst estimates of $46.70 billion. On average, sell-side analysts anticipate that Allianz SE will post 3.57 earnings per share for the current 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.