Allianz (OTCMKTS:ALIZY) Reaches New 1-Year High – Still a Buy?

Allianz SE (OTCMKTS:ALIZY)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $52.78 and last traded at $52.71, with a volume of 35782 shares changing hands. The stock had previously closed at $52.02.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ALIZY shares. Citigroup reaffirmed a “neutral” rating on shares of Allianz in a research report on Friday, May 15th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Allianz in a research report on Monday, August 10th. 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’s stock. According to data from MarketBeat, Allianz presently has a consensus rating of “Moderate Buy”.

Allianz Trading Up 1.4%

The firm has a 50 day moving average of $49.47 and a two-hundred day moving average of $45.75. The company has a market cap of $200.67 billion, a PE ratio of 14.85, a P/E/G ratio of 1.69 and a beta of 0.65.

Allianz (OTCMKTS:ALIZY) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.16). Allianz had a return on equity of 18.61% and a net margin of 6.31%.The firm had revenue of $23.01 billion during the quarter, compared to analysts’ expectations of $46.70 billion. On average, research analysts forecast that Allianz SE will post 3.57 EPS 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.