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

Allianz SE (OTCMKTS:ALIZY) hit a new 52-week high on Thursday . The company traded as high as $39.31 and last traded at $38.87, with a volume of 183579 shares trading hands. The stock had previously closed at $38.77.

Analysts Set New Price Targets

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

Allianz Stock Performance

The company’s fifty day simple moving average is $35.59 and its two-hundred day simple moving average is $32.85. The company has a market capitalization of $138.05 billion, a price-to-earnings ratio of 13.65, a price-to-earnings-growth ratio of 1.26 and a beta of 0.93.

Allianz (OTCMKTS:ALIZY) last posted its quarterly earnings results on Friday, February 28th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.04. Allianz had a return on equity of 16.34% and a net margin of 5.54%. The business had revenue of $29.61 billion during the quarter. Sell-side analysts anticipate 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.