Allianz (OTCMKTS:ALIZY) Sees Large Volume Increase – Still a Buy?

Allianz SE (OTCMKTS:ALIZY) saw strong trading volume on Friday . 767,904 shares were traded during mid-day trading, an increase of 204% from the previous session’s volume of 252,996 shares.The stock last traded at $51.24 and had previously closed at $50.92.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada reaffirmed 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 given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Allianz Stock Performance

The firm has a market capitalization of $194.89 billion, a PE ratio of 14.43 and a beta of 0.65. The company has a fifty day simple moving average of $50.12 and a two-hundred day simple moving average of $46.11.

Allianz (OTCMKTS:ALIZY) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.75 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.16). The firm had revenue of $23.01 billion for the quarter, compared to analysts’ expectations of $46.70 billion. Allianz had a net margin of 6.31% and a return on equity of 18.33%. On average, equities analysts anticipate that Allianz SE will post 3.56 earnings per share for the current fiscal year.

About Allianz

Allianz SE is a Germany-based financial services company that provides insurance and asset-management products to individuals, businesses and institutional clients. Its insurance operations include property and casualty coverage, life insurance, health insurance, retirement solutions and assistance services.

The company serves customers through a global network of subsidiaries and operating businesses across Europe, North America, Asia-Pacific and other international markets. Allianz Partners provides travel, roadside, health and other assistance services, while the group’s asset-management activities include investment management for retail and institutional clients through businesses such as PIMCO and Allianz Global Investors.

Founded in Berlin in 1890, Allianz has developed into one of the world’s major insurance groups.