Allianz (OTCMKTS:ALIZY) Sees Strong Trading Volume – Here’s Why

Allianz SE (OTCMKTS:ALIZY) shares saw an uptick in trading volume on Thursday . 1,159,669 shares changed hands during trading, an increase of 345% from the previous session’s volume of 260,857 shares.The stock last traded at $44.5870 and had previously closed at $45.32.

Analyst Ratings Changes

Several research firms have recently issued reports on ALIZY. Citigroup reaffirmed a “neutral” rating on shares of Allianz in a research report on Friday, May 15th. The Goldman Sachs Group raised Allianz from a “hold” rating to a “buy” rating in a research report on Tuesday, April 21st. Finally, Royal Bank Of Canada began coverage on Allianz in a research report on Tuesday, February 17th. They set a “hold” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Allianz currently has an average rating of “Moderate Buy”.

Allianz Stock Performance

The stock has a market capitalization of $169.51 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 1.45 and a beta of 0.65. The business has a 50-day moving average of $43.79 and a 200-day moving average of $43.75.

Allianz (OTCMKTS:ALIZY) last announced its earnings results on Wednesday, May 13th. The company reported $1.15 earnings per share (EPS) 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%. On average, research analysts predict that Allianz SE will post 3.6 earnings per share for the current fiscal 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.