Allianz (OTCMKTS:ALIZY) Sees Strong Trading Volume – Still a Buy?

Shares of Allianz SE (OTCMKTS:ALIZY) saw unusually-high trading volume on Friday . Approximately 767,904 shares changed hands during mid-day trading, an increase of 204% from the previous session’s volume of 252,996 shares.The stock last traded at $51.24 and had previously closed at $50.92.

Analyst Ratings Changes

ALIZY has been the topic of a number of research analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Allianz in a report on Monday, August 10th. Citigroup reaffirmed a “neutral” rating on shares of Allianz in a report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Allianz has a consensus rating of “Moderate Buy”.

Allianz Stock Performance

The stock has a market cap of $194.85 billion, a P/E ratio of 14.42 and a beta of 0.65. The business’s 50-day moving average price is $50.05 and its 200-day moving average price is $46.08.

Allianz (OTCMKTS:ALIZY) last issued its quarterly 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). Allianz had a return on equity of 18.33% and a net margin of 6.31%.The company had revenue of $23.01 billion during the quarter, compared to analysts’ expectations of $46.70 billion. As a group, equities research analysts expect that Allianz SE will post 3.57 earnings per share for the current year.

About Allianz

Allianz SE is a Germany-based financial services company that provides insurance and asset-management products to individuals, businesses and institutional clients. Its insurance operations include property and casualty coverage, life insurance, health insurance, retirement solutions and assistance services.

The company serves customers through a global network of subsidiaries and operating businesses across Europe, North America, Asia-Pacific and other international markets. Allianz Partners provides travel, roadside, health and other assistance services, while the group’s asset-management activities include investment management for retail and institutional clients through businesses such as PIMCO and Allianz Global Investors.

Founded in Berlin in 1890, Allianz has developed into one of the world’s major insurance groups.