Allianz (OTCMKTS:ALIZY) Reaches New 1-Year High – Time to Buy?

Allianz SE (OTCMKTS:ALIZY)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $37.84 and last traded at $37.67, with a volume of 233617 shares. The stock had previously closed at $36.99.

Wall Street Analyst Weigh In

Separately, Citigroup restated a “neutral” rating on shares of Allianz in a research report on Tuesday, March 4th.

Allianz Stock Up 1.8 %

The firm has a market capitalization of $145.47 billion, a PE ratio of 14.38, a P/E/G ratio of 1.26 and a beta of 1.10. The business’s fifty day moving average price is $33.01 and its 200 day moving average price is $31.98.

Allianz (OTCMKTS:ALIZY) last issued its quarterly earnings results on Friday, February 28th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.04. Allianz had a return on equity of 16.34% and a net margin of 5.54%. The company had revenue of $29.61 billion for the quarter. As a group, sell-side analysts forecast that Allianz SE will post 2.63 earnings per share for the current fiscal year.

Allianz Company Profile

Allianz SE, together with its subsidiaries, provides property-casualty insurance, life/health insurance, and asset management products and services worldwide. The company’s Property-Casualty segment offers various insurance products, including motor liability and own damage, accident, general liability, fire and property, legal expense, credit, and travel to private and corporate customers.