Allianz (OTCMKTS:ALIZY) Issues Earnings Results

Allianz (OTCMKTS:ALIZYGet Free Report) released its earnings results on Wednesday. The company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.19, Zacks reports. Allianz had a net margin of 5.80% and a return on equity of 17.50%.

Allianz Stock Performance

Allianz stock traded up $0.61 during midday trading on Thursday, reaching $44.29. 115,187 shares of the stock were exchanged, compared to its average volume of 252,186. The company’s fifty day moving average is $43.06 and its 200-day moving average is $43.49. The firm has a market cap of $168.49 billion, a PE ratio of 14.11, a PEG ratio of 1.38 and a beta of 0.65. Allianz has a 52 week low of $38.44 and a 52 week high of $46.58.

Analyst Ratings Changes

ALIZY has been the topic of a number of research analyst reports. Royal Bank Of Canada initiated coverage on shares of Allianz in a research note on Tuesday, February 17th. They issued a “hold” rating on the stock. The Goldman Sachs Group upgraded shares of Allianz from a “hold” rating to a “buy” rating in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Allianz currently has an average rating of “Hold”.

Read Our Latest Research Report on Allianz

About Allianz

(Get Free Report)

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.

See Also

Earnings History for Allianz (OTCMKTS:ALIZY)

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