Allianz (OTCMKTS:ALIZY) Sees Strong Trading Volume – Here’s Why

Allianz SE (OTCMKTS:ALIZY) shares saw strong trading volume on Thursday . 1,159,669 shares were traded during trading, an increase of 345% from the previous session’s volume of 260,857 shares.The stock last traded at $44.5870 and had previously closed at $45.32.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. The Goldman Sachs Group raised Allianz from a “hold” rating to a “buy” rating in a research note on Tuesday, April 21st. Royal Bank Of Canada assumed coverage on Allianz in a research note on Tuesday, February 17th. They set a “hold” rating for the company. Finally, Citigroup reissued a “neutral” rating on shares of Allianz in a research note on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Allianz presently has a consensus rating of “Moderate Buy”.

Allianz Stock Performance

The stock has a market capitalization of $169.51 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 1.45 and a beta of 0.65. The company has a 50 day moving average of $43.79 and a 200 day moving average of $43.75.

Allianz (OTCMKTS:ALIZY) last released its quarterly earnings data on Wednesday, May 13th. The company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.02. Allianz had a return on equity of 19.92% and a net margin of 6.48%. As a group, research analysts expect that Allianz SE will post 3.6 EPS for the current fiscal 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.