Allianz (OTCMKTS:ALIZY) Sees Unusually-High Trading Volume on Better-Than-Expected Earnings

Shares of Allianz SE (OTCMKTS:ALIZY) saw strong trading volume on Monday following a better than expected earnings announcement. 588,949 shares changed hands during mid-day trading, an increase of 167% from the previous session’s volume of 220,641 shares.The stock last traded at $41.9850 and had previously closed at $42.57.

The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.09. The company had revenue of $32.25 billion for the quarter. Allianz had a net margin of 5.47% and a return on equity of 16.58%.

Wall Street Analysts Forecast Growth

Separately, Erste Group Bank raised Allianz from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Allianz currently has an average rating of “Hold”.

Allianz Stock Performance

The firm’s 50-day simple moving average is $41.52 and its 200 day simple moving average is $40.97. The company has a market cap of $162.13 billion, a P/E ratio of 14.78, a PEG ratio of 1.19 and a beta of 0.86.

About Allianz

Allianz SE, together with its subsidiaries, provides property-casualty insurance, life/health insurance, and asset management products and services worldwide. The company’s Property-Casualty segment offers various insurance products, including motor liability and own damage, accident, general liability, fire and property, legal expense, credit, and travel to private and corporate customers.