Allianz (OTCMKTS:ALIZY) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Allianz SE (OTCMKTS:ALIZY) saw strong trading volume on Friday . 625,311 shares traded hands during trading, an increase of 146% from the previous session’s volume of 254,108 shares.The stock last traded at $44.7150 and had previously closed at $45.18.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Royal Bank Of Canada assumed coverage on shares of Allianz in a report on Tuesday, February 17th. They set a “hold” rating on the stock. The Goldman Sachs Group raised shares of Allianz from a “hold” rating to a “buy” rating in a report on Tuesday, April 21st. Finally, Citigroup reissued 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 assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Allianz has a consensus rating of “Moderate Buy”.

Allianz Stock Performance

The stock has a market cap of $170.04 billion, a P/E ratio of 12.42, a price-to-earnings-growth ratio of 1.43 and a beta of 0.65. The company’s 50 day moving average price is $43.46 and its 200-day moving average price is $43.63.

Allianz (OTCMKTS:ALIZY) last posted its earnings results on Wednesday, May 13th. The company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.02. Allianz had a net margin of 6.48% and a return on equity of 19.92%. On average, analysts forecast that Allianz SE will post 3.62 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.