Allianz (OTCMKTS:AZSEY) Hits New 1-Year High at $24.60

Allianz SE (OTCMKTS:AZSEY)’s share price reached a new 52-week high on Tuesday . The company traded as high as $24.60 and last traded at $24.42, with a volume of 174403 shares. The stock had previously closed at $24.38.

A number of analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Allianz from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. ValuEngine downgraded shares of Allianz from a “hold” rating to a “sell” rating in a report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $26.00.

The business’s 50 day moving average is $23.19 and its 200 day moving average is $23.22. The stock has a market capitalization of $103.65 billion, a PE ratio of 12.10 and a beta of 0.93.

Allianz (OTCMKTS:AZSEY) last released its quarterly earnings results on Friday, August 2nd. The financial services provider reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. Allianz had a net margin of 5.67% and a return on equity of 11.34%. The firm had revenue of $30.62 billion during the quarter. On average, equities analysts expect that Allianz SE will post 2.17 EPS for the current fiscal year.

Allianz Company Profile (OTCMKTS:AZSEY)

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 insurance products to private and corporate customers.

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