Allianz (OTCMKTS:AZSEY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Thursday.
According to Zacks, “Allianz AG’s principal activities are carried out through four divisions: Life/Health: Provides any of life and heath insurances; Property/Casualty: Provides property and casualty insurance, travel insurance and credit insurance; Banking: Provides a range of banking services, including lending, deposit taking, investment banking; Asset Management: Asset Management for third party investor and Asset under Management which cover the owners investments. “
Several other research firms have also commented on AZSEY. ValuEngine lowered shares of Allianz from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 20th. Barclays raised shares of Allianz from an “underweight” rating to a “hold” rating in a report on Monday, December 11th. Citigroup lowered shares of Allianz from a “buy” rating to a “hold” rating in a report on Monday, November 13th. DZ Bank reaffirmed a “buy” rating on shares of Allianz in a report on Friday, November 10th. Finally, Royal Bank of Canada reaffirmed a “neutral” rating on shares of Allianz in a report on Monday, November 6th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $28.00.
Shares of Allianz (OTCMKTS:AZSEY) opened at $25.23 on Thursday. The firm has a market cap of $109,577.98, a price-to-earnings ratio of 14.50 and a beta of 1.12. Allianz has a 52-week low of $16.50 and a 52-week high of $24.99.
Allianz (OTCMKTS:AZSEY) last posted its quarterly earnings data on Thursday, November 9th. The financial services provider reported $0.41 earnings per share for the quarter. Allianz had a net margin of 5.72% and a return on equity of 10.35%. analysts forecast that Allianz will post 1.85 earnings per share for the current year.
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Allianz SE is a financial service company. The Company is the holding company of the Allianz Group (Allianz SE and its subsidiaries). The Company’s segments include Property-Casualty, Life/Health, Asset Management, and Corporate and Other. The Company provides a range of reinsurance coverage, primarily to Allianz insurance entities, as well as to third-party customers.
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