Allianz (AZSEY) Cut to Hold at Jefferies Group

Allianz (OTCMKTS:AZSEY) was downgraded by stock analysts at Jefferies Group from a “buy” rating to a “hold” rating in a research report issued on Thursday, MarketBeat Ratings reports. Jefferies Group also issued estimates for Allianz’s FY2017 earnings at $1.92 EPS, FY2018 earnings at $2.13 EPS and FY2019 earnings at $2.29 EPS.

Several other research analysts also recently weighed in on the company. DZ Bank reaffirmed a “buy” rating on shares of Allianz in a research note on Friday, November 10th. Deutsche Bank reissued a “buy” rating on shares of Allianz in a research note on Monday, November 6th. ValuEngine downgraded Allianz from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 20th. Zacks Investment Research raised Allianz from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Friday, December 15th. Finally, Barclays raised Allianz from an “underweight” rating to a “hold” rating in a research note on Monday, December 11th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Allianz presently has an average rating of “Hold” and a consensus target price of $28.00.

Shares of Allianz (AZSEY) traded down $0.06 during mid-day trading on Thursday, hitting $22.89. The stock had a trading volume of 278,717 shares, compared to its average volume of 269,909. The stock has a market capitalization of $100,773.00, a price-to-earnings ratio of 13.16 and a beta of 1.18. Allianz has a 1-year low of $16.59 and a 1-year high of $25.65.

Allianz (OTCMKTS:AZSEY) last released its quarterly earnings data on Thursday, November 9th. The financial services provider reported $0.41 EPS for the quarter. Allianz had a return on equity of 10.35% and a net margin of 5.72%. equities analysts anticipate that Allianz will post 1.92 earnings per share 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.

Analyst Recommendations for Allianz (OTCMKTS:AZSEY)

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