Allianz (OTCMKTS:ALIZY) Issues Quarterly Earnings Results, Misses Estimates By $0.18 EPS

Allianz (OTCMKTS:ALIZY) announced its quarterly earnings data on Wednesday. The company reported $1.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.18), Zacks reports. Allianz had a return on equity of 17.50% and a net margin of 5.80%.

Allianz Trading Up 0.6%

ALIZY stock traded up $0.26 during trading on Wednesday, hitting $43.61. The company had a trading volume of 106,981 shares, compared to its average volume of 253,445. The business has a 50 day moving average of $43.05 and a 200 day moving average of $43.47. The firm has a market capitalization of $165.90 billion, a price-to-earnings ratio of 13.89, a P/E/G ratio of 1.39 and a beta of 0.65. Allianz has a fifty-two week low of $38.44 and a fifty-two week high of $46.58.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ALIZY. Royal Bank Of Canada began coverage on Allianz in a research note on Tuesday, February 17th. They set a “hold” rating on the stock. The Goldman Sachs Group upgraded Allianz from a “hold” rating to a “buy” rating in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

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.