Allianz (OTCMKTS:ALIZY) Sees Large Volume Increase – Time to Buy?

Shares of Allianz SE (OTCMKTS:ALIZY) saw strong trading volume on Tuesday . 1,044,571 shares traded hands during mid-day trading, an increase of 285% from the previous session’s volume of 271,007 shares.The stock last traded at $45.35 and had previously closed at $44.81.

Analyst Ratings Changes

Separately, Royal Bank Of Canada initiated coverage on Allianz in a research note on Tuesday, February 17th. They issued a “hold” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Allianz presently has a consensus rating of “Hold”.

Allianz Stock Performance

The company has a market capitalization of $172.71 billion, a P/E ratio of 14.46, a price-to-earnings-growth ratio of 1.16 and a beta of 0.63. The business has a 50 day moving average of $42.81 and a 200-day moving average of $43.09.

Allianz (OTCMKTS:ALIZY) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.09. Allianz had a return on equity of 17.50% and a net margin of 5.80%.The company had revenue of $33.04 billion for the quarter. As a group, equities analysts forecast that Allianz SE will post 2.63 EPS for the current fiscal 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.