Allianz (OTCMKTS:ALIZY) Reaches New 12-Month High – Should You Buy?

Allianz SE (OTCMKTS:ALIZY)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $38.77 and last traded at $38.76, with a volume of 135586 shares. The stock had previously closed at $38.39.

Analysts Set New Price Targets

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

Allianz Stock Down 1.1 %

The company has a fifty day simple moving average of $33.93 and a two-hundred day simple moving average of $32.29. The stock has a market capitalization of $149.56 billion, a P/E ratio of 14.78, a price-to-earnings-growth ratio of 1.26 and a beta of 1.10.

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