Allianz (OTCMKTS:ALIZY) Sees Large Volume Increase – Time to Buy?

Allianz SE (OTCMKTS:ALIZY) shares saw strong trading volume on Wednesday . Approximately 709,277 shares changed hands during mid-day trading, an increase of 191% from the previous session’s volume of 243,818 shares.The stock last traded at $51.99 and had previously closed at $52.22.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Royal Bank Of Canada restated a “sector perform” rating on shares of Allianz in a report on Monday, August 10th. Citigroup reiterated a “neutral” rating on shares of Allianz in a research report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Allianz Price Performance

The business has a 50 day simple moving average of $49.60 and a 200 day simple moving average of $45.82. The company has a market capitalization of $200.71 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 1.69 and a beta of 0.65.

Allianz (OTCMKTS:ALIZY) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.16). The firm had revenue of $23.01 billion during the quarter, compared to analyst estimates of $46.70 billion. Allianz had a net margin of 6.31% and a return on equity of 18.61%. On average, equities research analysts predict that Allianz SE will post 3.57 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.