Allianz SE (OTCMKTS:ALIZY) Sees Large Drop in Short Interest

Key Points

• Allianz’s short interest fell 40.2% to 65,217 shares as of October 15, from 109,019 shares at the end of September. Short interest represents 0.0% of outstanding shares, with a short-interest ratio of 0.1 days.
• Analyst sentiment remains favorable, with one Strong Buy, two Buy, and two Hold ratings, resulting in a “Moderate Buy” average rating. Royal Bank of Canada recently reiterated its “sector perform” rating.
• Allianz shares opened at $48.92, while the company’s latest quarterly results missed expectations, reporting $0.75 earnings per share versus the $0.91 consensus estimate and revenue of $23.01 billion.

Allianz SE (OTCMKTS:ALIZY - Get Free Report) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 65,217 shares, a drop of 40.2% from the September 30th total of 109,019 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily volume of 484,158 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada reissued a "sector perform" rating on shares of Allianz in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy".

Allianz Stock Down 0.4%

Shares of OTCMKTS:ALIZY opened at $48.92 on Friday. Allianz has a fifty-two week low of $39.44 and a fifty-two week high of $52.82. The firm's 50 day moving average price is $49.41 and its 200 day moving average price is $46.24. The stock has a market cap of $186.10 billion, a price-to-earnings ratio of 13.78, a price-to-earnings-growth ratio of 2.17 and a beta of 0.65.

Allianz (OTCMKTS:ALIZY - Get Free Report) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.75 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.16). Allianz had a return on equity of 18.33% and a net margin of 6.31%. The firm had revenue of $23.01 billion for the quarter, compared to analyst estimates of $46.70 billion. On average, equities analysts anticipate that Allianz will post 3.48 EPS for the current year.

About Allianz

Allianz SE is a Germany-based financial services company focused on insurance and asset management. Through its insurance operations, the company provides property and casualty coverage, life insurance, health insurance, and related protection products for individuals, businesses, and institutional customers.

Allianz also operates a global asset-management business through brands including PIMCO and Allianz Global Investors. These businesses offer investment-management services and solutions for private clients, companies, pension plans, and other institutional investors.

Founded in Berlin in 1890, Allianz has developed into an international group serving customers across Europe, North America, Asia-Pacific, and other global markets.

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