Allianz (OTCMKTS:ALIZY) Sees Unusually-High Trading Volume - What's Next?

Key Points

• Shares of Allianz SE experienced a 195% increase in trading volume on Wednesday, with approximately 613,050 shares changing hands.
• Barclays has downgraded Allianz from a "hold" rating to a "strong sell" rating, contributing to its current average rating of "Reduce" by analysts.
• In its latest earnings report, Allianz posted $0.84 EPS, exceeding estimates, with revenues of $30.17 billion compared to $22.53 billion expected.

Shares of Allianz SE (OTCMKTS:ALIZY - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 613,050 shares changed hands during mid-day trading, an increase of 195% from the previous session's volume of 207,562 shares.The stock last traded at $43.09 and had previously closed at $42.33.

Wall Street Analyst Weigh In

Separately, Barclays downgraded shares of Allianz from a "hold" rating to a "strong sell" rating in a research report on Thursday, June 12th. Four research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Reduce".

Allianz Trading Up 2.0%

The company's fifty day moving average is $41.82 and its 200-day moving average is $40.35. The firm has a market capitalization of $166.75 billion, a P/E ratio of 15.20, a P/E/G ratio of 1.26 and a beta of 0.89.

Allianz (OTCMKTS:ALIZY - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.04. The business 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 16.58%. On average, equities research analysts anticipate that Allianz SE will post 2.63 EPS for the current year.

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.

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