Allianz (OTCMKTS:ALIZY) Hits New 52-Week High – Here’s What Happened

Shares of Allianz SE (OTCMKTS:ALIZY) hit a new 52-week high during trading on Tuesday . The company traded as high as $46.58 and last traded at $46.55, with a volume of 11826 shares traded. The stock had previously closed at $45.94.

Wall Street Analysts Forecast Growth

ALIZY has been the subject of a number of research reports. Royal Bank Of Canada began coverage on Allianz in a research report on Tuesday, February 17th. They issued a “hold” rating for the company. The Goldman Sachs Group upgraded Allianz from a “neutral” rating to a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Allianz Stock Performance

The company has a market capitalization of $176.36 billion, a price-to-earnings ratio of 14.76, a price-to-earnings-growth ratio of 1.17 and a beta of 0.63. The company has a 50-day moving average price of $42.82 and a 200-day moving average price of $43.17.

Allianz (OTCMKTS:ALIZY) last posted its earnings results on Thursday, February 26th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.09. The company had revenue of $33.04 billion during the quarter. Allianz had a return on equity of 17.50% and a net margin of 5.80%. As a group, sell-side analysts anticipate that Allianz SE will post 3.6 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.