Allianz (OTCMKTS:ALIZY) Hits New 12-Month High – What’s Next?

Allianz SE (OTCMKTS:ALIZY)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $51.26 and last traded at $51.10, with a volume of 126927 shares trading hands. The stock had previously closed at $51.00.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ALIZY shares. Citigroup reaffirmed a “neutral” rating on shares of Allianz in a report on Friday, May 15th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Allianz in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Allianz Stock Up 0.8%

The stock has a market capitalization of $195.35 billion, a PE ratio of 14.46, a PEG ratio of 1.66 and a beta of 0.63. The firm has a 50 day moving average price of $48.47 and a 200-day moving average price of $45.34.

Allianz (OTCMKTS:ALIZY) last released its earnings results on Friday, August 7th. The company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.16). The firm had revenue of $23.01 billion for the quarter, compared to analyst estimates of $46.70 billion. Allianz had a return on equity of 18.61% and a net margin of 6.31%. Equities analysts expect that Allianz SE will post 3.56 earnings per share 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.