Allianz (OTCMKTS:ALIZY) Hits New 52-Week High – Still a Buy?

Allianz SE (OTCMKTS:ALIZY) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $37.84 and last traded at $37.67, with a volume of 233617 shares trading hands. The stock had previously closed at $36.99.

Analyst Ratings Changes

Separately, Citigroup reaffirmed a “neutral” rating on shares of Allianz in a research report on Tuesday, March 4th.

Allianz Trading Up 1.8 %

The firm has a market capitalization of $145.47 billion, a price-to-earnings ratio of 14.38, a price-to-earnings-growth ratio of 1.26 and a beta of 1.10. The firm has a 50 day moving average price of $33.01 and a two-hundred day moving average price of $31.98.

Allianz (OTCMKTS:ALIZY) last announced its quarterly earnings results on Friday, February 28th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.04. Allianz had a net margin of 5.54% and a return on equity of 16.34%. The firm had revenue of $29.61 billion during the quarter. As a group, research analysts forecast that Allianz SE will post 2.63 earnings per share for the current year.

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.