Allianz (OTCMKTS:ALIZY) Shares Up 1.3% - Here's Why

Key Points

• Allianz SE's shares increased by 1.3% during recent trading, with the stock closing at $39.81, down from a previous session volume of 263,124 shares to just 125,132 shares.
• Several analysts have downgraded Allianz's stock ratings recently, with Barclays moving to a "strong sell" rating, while consensus remains a "hold" according to MarketBeat.
• The company declared an increased dividend of $1.1993, reflecting a yield of 2.83%, which is an increase from its previous dividend of $1.03.

Shares of Allianz SE (OTCMKTS:ALIZY - Get Free Report) were up 1.3% during trading on Tuesday . The stock traded as high as $39.88 and last traded at $39.81. Approximately 125,132 shares changed hands during trading, a decline of 52% from the average daily volume of 263,124 shares. The stock had previously closed at $39.31.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ALIZY. HSBC lowered Allianz to a "hold" rating in a research report on Friday, May 16th. Citigroup reissued a "neutral" rating on shares of Allianz in a research report on Friday, May 16th. Keefe, Bruyette & Woods lowered Allianz from a "moderate buy" rating to a "hold" rating in a research report on Monday, June 9th. The Goldman Sachs Group lowered Allianz from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 20th. Finally, Barclays lowered Allianz from a "hold" rating to a "strong sell" rating in a research report on Thursday, June 12th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to data from MarketBeat.com, Allianz currently has an average rating of "Hold".

Allianz Stock Down 2.1%

The firm has a market cap of $149.41 billion, a price-to-earnings ratio of 14.38, a P/E/G ratio of 1.21 and a beta of 0.92. The firm's 50 day moving average price is $39.90 and its two-hundred day moving average price is $37.85. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.36 and a quick ratio of 1.36.

Allianz (OTCMKTS:ALIZY - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The company reported $0.69 EPS for the quarter, missing analysts' consensus estimates of $0.77 by ($0.08). The firm had revenue of $60.55 billion during the quarter, compared to analyst estimates of $21.13 billion. Allianz had a net margin of 5.34% and a return on equity of 16.27%. As a group, sell-side analysts forecast that Allianz SE will post 2.63 earnings per share for the current fiscal year.

Allianz Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, May 28th. Shareholders of record on Tuesday, May 13th were issued a $1.1993 dividend. This represents a yield of 283.0%. This is a boost from Allianz's previous dividend of $1.03. The ex-dividend date of this dividend was Monday, May 12th. Allianz's dividend payout ratio is 43.87%.

Allianz Company Profile

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.