The Goldman Sachs Group Downgrades Allianz (OTCMKTS:ALIZY) to Neutral

The Goldman Sachs Group lowered shares of Allianz (OTCMKTS:ALIZY - Free Report) from a buy rating to a neutral rating in a report published on Tuesday, May 20th, Marketbeat.com reports.

Other equities research analysts have also recently issued reports about the company. Citigroup reiterated a "neutral" rating on shares of Allianz in a research note on Friday, May 16th. HSBC cut Allianz to a "hold" rating in a research note on Friday, May 16th.

Allianz Stock Performance

OTCMKTS ALIZY traded down $0.18 during trading hours on Tuesday, reaching $39.47. The company's stock had a trading volume of 137,638 shares, compared to its average volume of 207,966. Allianz has a fifty-two week low of $26.50 and a fifty-two week high of $42.99. The stock has a market cap of $152.42 billion, a PE ratio of 15.06, a PEG ratio of 1.26 and a beta of 0.94. The company's 50-day moving average is $39.17 and its two-hundred day moving average is $34.81.

Allianz (OTCMKTS:ALIZY - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.08). The business had revenue of $60.55 billion during the quarter, compared to analysts' expectations of $21.13 billion. Allianz had a net margin of 5.54% and a return on equity of 16.34%. Equities analysts expect that Allianz will post 2.63 earnings per share for the current fiscal year.

Allianz Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, May 28th. Investors of record on Tuesday, May 13th will be paid a $1.1993 dividend. This is a boost from Allianz's previous dividend of $1.03. The ex-dividend date of this dividend is Monday, May 12th. This represents a dividend yield of 2.83%. Allianz's payout ratio is presently 43.49%.

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.