Allianz (OTCMKTS:ALIZY) Reaches New 1-Year High After Earnings Beat

Key Points

• Allianz SE (OTCMKTS:ALIZY) has achieved a new 52-week high of $43.04, with the stock last trading at $42.80 after a significant increase from the previous close of $41.12.
• Major changes in analyst ratings included Barclays downgrading Allianz from "hold" to "strong sell," while Citigroup maintained a "neutral" rating, resulting in a consensus rating of "Hold".
• The company's last quarterly earnings showed an EPS of $0.84, surpassing the consensus estimate of $0.78, with a return on equity of 16.27% and a net margin of 5.34%.

Allianz SE (OTCMKTS:ALIZY - Get Free Report) shares hit a new 52-week high on Thursday following a better than expected earnings announcement. The company traded as high as $43.04 and last traded at $42.80, with a volume of 7731 shares changing hands. The stock had previously closed at $41.12.

The company reported $0.84 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.04. The firm had revenue of $30.17 billion during the quarter, compared to the consensus estimate of $22.53 billion. Allianz had a net margin of 5.47% and a return on equity of 16.50%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ALIZY shares. Barclays downgraded shares of Allianz from a "hold" rating to a "strong sell" rating in a research note on Thursday, June 12th. Citigroup restated a "neutral" rating on shares of Allianz in a research note on Friday, May 16th. The Goldman Sachs Group downgraded shares of Allianz from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 20th. Dbs Bank upgraded shares of Allianz from a "strong sell" rating to a "moderate sell" rating in a research note on Wednesday, May 28th. Finally, HSBC downgraded shares of Allianz to a "hold" rating in a research note on Friday, May 16th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold".

Allianz Stock Down 0.5%

The business's fifty day moving average price is $40.11 and its 200 day moving average price is $38.35. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $163.00 billion, a PE ratio of 14.86, a PEG ratio of 1.24 and a beta of 0.92.

About Allianz

Allianz SE, together with its subsidiaries, provides property-casualty insurance, life/health insurance, and asset management products and services worldwide. The company's Property-Casualty segment offers various insurance products, including motor liability and own damage, accident, general liability, fire and property, legal expense, credit, and travel to private and corporate customers.