Allianz (OTCMKTS:ALIZY) Sees Unusually-High Trading Volume – Time to Buy?

Allianz SE (OTCMKTS:ALIZY) saw strong trading volume on Monday . Approximately 359,617 shares were traded during trading, an increase of 39% from the previous session’s volume of 258,631 shares.The stock last traded at $47.92 and had previously closed at $47.88.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Citigroup restated a “neutral” rating on shares of Allianz in a research report 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 investment 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Allianz Price Performance

The firm’s 50 day simple moving average is $45.04 and its two-hundred day simple moving average is $44.24. The firm has a market capitalization of $182.22 billion, a P/E ratio of 13.31, a P/E/G ratio of 1.54 and a beta of 0.63.

Allianz (OTCMKTS:ALIZY) last announced its quarterly earnings data 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%. As a group, equities research analysts forecast that Allianz SE will post 3.59 EPS for the current year.

About Allianz

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.