Allianz (OTCMKTS:ALIZY) Releases Quarterly Earnings Results, Misses Expectations By $0.10 EPS

Allianz (OTCMKTS:ALIZY) posted its quarterly earnings results on Thursday. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.10), Zacks reports. Allianz had a net margin of 6.31% and a return on equity of 18.33%.

Allianz Stock Up 0.5%

OTCMKTS:ALIZY traded up $0.26 during mid-day trading on Thursday, reaching $52.08. The company’s stock had a trading volume of 136,419 shares, compared to its average volume of 261,902. Allianz has a 1 year low of $39.44 and a 1 year high of $52.82. The stock has a fifty day moving average of $49.22 and a 200-day moving average of $46.53. The firm has a market capitalization of $198.12 billion, a PE ratio of 14.67, a price-to-earnings-growth ratio of 2.30 and a beta of 0.66.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada restated a “sector perform” rating on shares of Allianz in a report on Monday, August 10th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Allianz Company Profile

Allianz SE is a global insurance and financial services company founded in Berlin in 1890 and headquartered in Munich, Germany. It serves individuals, businesses and institutional clients in markets around the world. The company’s insurance operations include property and casualty coverage, life insurance, health insurance and related services. Its offerings address risks ranging from personal and commercial property to health, retirement and employee benefits. Allianz also provides investment and asset management services through businesses including Allianz Global Investors and PIMCO.