Allianz (AZSEY) Stock Rating Lowered by Zacks Investment Research
Allianz (OTCMKTS:AZSEY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.
According to Zacks, “Allianz AG’s principal activities are carried out through four divisions: Life/Health: Provides any of life and heath insurances; Property/Casualty: Provides property and casualty insurance, travel insurance and credit insurance; Banking: Provides a range of banking services, including lending, deposit taking, investment banking; Asset Management: Asset Management for third party investor and Asset under Management which cover the owners investments. “
Several other analysts also recently issued reports on AZSEY. ValuEngine raised shares of Allianz from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 26th. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Allianz in a research report on Friday, October 20th. DZ Bank reaffirmed a “buy” rating on shares of Allianz in a research report on Wednesday, November 1st. Barclays reaffirmed a “sell” rating on shares of Allianz in a research report on Monday, November 6th. Finally, Deutsche Bank reaffirmed a “buy” rating on shares of Allianz in a research report on Monday, November 6th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $28.00.
Allianz (OTCMKTS:AZSEY) last posted its quarterly earnings results on Thursday, November 9th. The financial services provider reported $0.41 EPS for the quarter. Allianz had a net margin of 5.72% and a return on equity of 10.35%. equities analysts expect that Allianz will post 1.85 EPS for the current year.
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Allianz Company Profile
Allianz SE is a financial service company. The Company is the holding company of the Allianz Group (Allianz SE and its subsidiaries). The Company’s segments include Property-Casualty, Life/Health, Asset Management, and Corporate and Other. The Company provides a range of reinsurance coverage, primarily to Allianz insurance entities, as well as to third-party customers.
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