Allianz (OTCMKTS:ALIZY) Sees Strong Trading Volume – Time to Buy?

Shares of Allianz SE (OTCMKTS:ALIZY) saw strong trading volume on Monday . Approximately 359,617 shares traded hands during mid-day trading, an increase of 39% from the previous session’s volume of 258,631 shares.The stock last traded at $47.92 and had previously closed at $47.88.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group upgraded shares of Allianz from a “hold” rating to a “buy” rating in a research note on Tuesday, April 21st. Citigroup reissued a “neutral” rating on shares of Allianz in a research note on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Allianz Stock Up 0.2%

The company has a market cap of $183.51 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63. The firm has a 50 day simple moving average of $45.15 and a 200-day simple moving average of $44.28.

Allianz (OTCMKTS:ALIZY) last released its quarterly earnings results on Wednesday, May 13th. The company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. Allianz had a net margin of 6.48% and a return on equity of 19.92%. As a group, equities analysts anticipate that Allianz SE will post 3.59 EPS for the current year.

Allianz Company Profile

Allianz SE is a multinational financial services company headquartered in Munich, Germany, with a history dating back to 1890. The company is primarily known as a major global insurer and asset manager, offering a wide range of insurance and risk management products for individuals, businesses and institutional clients. Allianz’s operations encompass property and casualty insurance, life and health insurance, retirement solutions and specialty risk coverage for commercial and corporate customers.

In addition to underwriting insurance, Allianz operates substantial asset management businesses that manage investments on behalf of its insurance operations and external clients.