Allianz (OTCMKTS:ALIZY) Sees Large Volume Increase – What’s Next?

Shares of Allianz SE (OTCMKTS:ALIZY) saw an uptick in trading volume on Monday . Approximately 359,617 shares changed hands during mid-day trading, an increase of 39% from the previous session’s volume of 258,631 shares.The stock last traded at $47.92 and had previously closed at $47.88.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group upgraded Allianz from a “hold” rating to a “buy” rating in a research report on Tuesday, April 21st. Citigroup restated a “neutral” rating on shares of Allianz in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Allianz presently has an average rating of “Moderate Buy”.

Allianz Trading Up 0.0%

The stock’s fifty day moving average price is $45.04 and its 200 day moving average price is $44.24. The stock has a market cap of $182.22 billion, a P/E ratio of 13.31, a price-to-earnings-growth ratio of 1.54 and a beta of 0.63.

Allianz (OTCMKTS:ALIZY) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 anticipate that Allianz SE will post 3.59 earnings per share for the current year.

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.