Barclays Downgrades Allianz (OTCMKTS:ALIZY) to Strong Sell

Barclays lowered shares of Allianz (OTCMKTS:ALIZY - Free Report) from a hold rating to a strong sell rating in a research report sent to investors on Thursday,Zacks.com reports.

ALIZY has been the topic of several other reports. Keefe, Bruyette & Woods cut Allianz from a "moderate buy" rating to a "hold" rating in a research note on Monday, June 9th. Dbs Bank raised Allianz from a "strong sell" rating to a "moderate sell" rating in a research note on Wednesday, May 28th. HSBC cut Allianz to a "hold" rating in a research note on Friday, May 16th. The Goldman Sachs Group cut Allianz from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 20th. Finally, Citigroup reaffirmed a "neutral" rating on shares of Allianz in a research note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat.com, Allianz presently has a consensus rating of "Hold".

Allianz Stock Down 1.2%

OTCMKTS ALIZY traded down $0.47 during trading hours on Thursday, hitting $39.24. 179,979 shares of the company were exchanged, compared to its average volume of 200,371. The stock has a 50-day moving average price of $39.79 and a 200 day moving average price of $35.71. Allianz has a 52 week low of $26.50 and a 52 week high of $42.99. The stock has a market cap of $151.53 billion, a PE ratio of 14.98, a price-to-earnings-growth ratio of 1.26 and a beta of 0.92.

Allianz (OTCMKTS:ALIZY - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.08). Allianz had a return on equity of 16.34% and a net margin of 5.54%. The company had revenue of $60.55 billion for the quarter, compared to the consensus estimate of $21.13 billion. As a group, sell-side analysts anticipate that Allianz will post 2.63 earnings per share for the current year.

Allianz Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, May 28th. Stockholders of record on Tuesday, May 13th were paid a dividend of $1.1993 per share. This is a boost from Allianz's previous dividend of $1.03. The ex-dividend date was Monday, May 12th. This represents a dividend yield of 2.83%. Allianz's dividend payout ratio is currently 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.