Short Interest in Allianz SE (OTCMKTS:ALIZY) Drops By 38.6%

Allianz SE (OTCMKTS:ALIZY) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 48,900 shares, a decrease of 38.6% from the April 30th total of 79,700 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 468,800 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ALIZY shares. Dbs Bank upgraded shares of Allianz from a “strong sell” rating to a “moderate sell” rating in a research note on Wednesday, May 28th. HSBC cut shares of Allianz to a “hold” rating in a research note on Friday, May 16th. Citigroup restated a “neutral” rating on shares of Allianz in a report on Friday, May 16th. Finally, The Goldman Sachs Group downgraded Allianz from a “buy” rating to a “neutral” rating in a report on Tuesday, May 20th.

Allianz Stock Up 0.2%

Shares of Allianz stock opened at $39.60 on Monday. Allianz has a 12 month low of $26.50 and a 12 month high of $42.99. The business has a fifty day simple moving average of $39.28 and a 200 day simple moving average of $35.08. The stock has a market cap of $152.92 billion, a PE ratio of 15.11, a price-to-earnings-growth ratio of 1.26 and a beta of 0.94.

Allianz (OTCMKTS:ALIZY) last announced its quarterly earnings results on Thursday, May 15th. The company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.08). Allianz had a return on equity of 16.34% and a net margin of 5.54%. The firm had revenue of $60.55 billion for the quarter, compared to the consensus estimate of $21.13 billion. Analysts expect that Allianz will post 2.63 EPS for the current fiscal year.

Allianz Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, May 28th. Investors of record on Tuesday, May 13th were given a $1.1993 dividend. This is a boost from Allianz’s previous dividend of $1.03. This represents a yield of 2.83%. The ex-dividend date was Monday, May 12th. Allianz’s payout ratio is currently 43.49%.

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.