Allianz (OTCMKTS:ALIZY) Issues Quarterly Earnings Results, Misses Estimates By $0.16 EPS

Allianz (OTCMKTS:ALIZY) released its quarterly earnings results on Friday. The company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.16), Zacks reports. Allianz had a net margin of 6.48% and a return on equity of 19.92%.

Allianz Stock Down 1.0%

Allianz stock traded down $0.52 during midday trading on Friday, reaching $50.08. The stock had a trading volume of 191,952 shares, compared to its average volume of 252,678. The firm’s 50-day moving average price is $46.93 and its 200 day moving average price is $44.81. Allianz has a 12 month low of $39.44 and a 12 month high of $51.03. The firm has a market capitalization of $190.51 billion, a PE ratio of 13.91, a P/E/G ratio of 1.64 and a beta of 0.63.

Analysts Set New Price Targets

ALIZY has been the topic of a number of recent research reports. Citigroup restated a “neutral” rating on shares of Allianz in a report on Friday, May 15th. The Goldman Sachs Group raised Allianz from a “hold” rating to a “buy” rating in a research report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

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.