Allianz (OTCMKTS:ALIZY) Hits New 52-Week High – Time to Buy?

Shares of Allianz SE (OTCMKTS:ALIZY) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $48.44 and last traded at $48.42, with a volume of 80614 shares traded. The stock had previously closed at $47.92.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ALIZY shares. Citigroup reissued a “neutral” rating on shares of Allianz in a research note on Friday, May 15th. The Goldman Sachs Group upgraded shares of Allianz from a “hold” rating to a “buy” rating in a research report on Tuesday, April 21st. One equities 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. Based on data from MarketBeat.com, Allianz has an average rating of “Moderate Buy”.

Allianz Stock Up 0.7%

The stock has a market capitalization of $183.63 billion, a price-to-earnings ratio of 13.41, a P/E/G ratio of 1.56 and a beta of 0.63. The business has a 50-day simple moving average of $45.57 and a two-hundred day simple moving average of $44.41.

Allianz (OTCMKTS:ALIZY) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. Allianz had a return on equity of 19.92% and a net margin of 6.48%. On average, analysts forecast 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.