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

Shares of Allianz SE (OTCMKTS:ALIZY) hit a new 52-week high on Monday . The stock traded as high as $45.1825 and last traded at $45.03, with a volume of 48480 shares trading hands. The stock had previously closed at $44.70.

Wall Street Analysts Forecast Growth

ALIZY has been the topic of several recent research reports. Keefe, Bruyette & Woods raised shares of Allianz from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 9th. Erste Group Bank raised Allianz from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Allianz presently has an average rating of “Hold”.

Allianz Stock Performance

The firm has a market capitalization of $173.62 billion, a price-to-earnings ratio of 14.94, a P/E/G ratio of 1.25 and a beta of 0.65. The business’s 50-day moving average is $42.09 and its two-hundred day moving average is $41.33.

Allianz (OTCMKTS:ALIZY) last posted its earnings results on Friday, November 14th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.09. Allianz had a net margin of 5.69% and a return on equity of 17.38%. The company had revenue of $32.25 billion for the quarter. Analysts forecast that Allianz SE will post 2.63 EPS for the current year.

About Allianz

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.