Allianz (OTCMKTS:ALIZY) Reaches New 12-Month High – Here’s What Happened

Allianz SE (OTCMKTS:ALIZY) reached a new 52-week high on Tuesday . The stock traded as high as $48.15 and last traded at $48.15, with a volume of 682735 shares traded. The stock had previously closed at $47.88.

Analysts Set New Price Targets

A number of analysts recently commented on ALIZY shares. Citigroup reaffirmed a “neutral” rating on shares of Allianz in a research note on Friday, May 15th. The Goldman Sachs Group raised shares of Allianz from a “hold” rating to a “buy” rating in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Allianz Price Performance

The firm has a market cap of $183.17 billion, a P/E ratio of 12.98, a price-to-earnings-growth ratio of 1.54 and a beta of 0.63. The firm’s 50 day moving average is $45.04 and its 200 day moving average is $44.24.

Allianz (OTCMKTS:ALIZY) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. Allianz had a return on equity of 19.92% and a net margin of 6.48%. As a group, analysts expect that Allianz SE will post 3.59 EPS for the current year.

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.