Allianz (OTCMKTS:AZSEY) Raised to Hold at Zacks Investment Research

Allianz (OTCMKTS:AZSEY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Monday, Zacks.com reports.

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. “

Separately, Citigroup upgraded Allianz from a “neutral” rating to a “buy” rating in a report on Monday, June 10th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Allianz currently has a consensus rating of “Buy” and an average target price of $26.00.

OTCMKTS:AZSEY traded down $0.27 during trading hours on Monday, reaching $22.52. 178,425 shares of the company traded hands, compared to its average volume of 254,148. The firm’s 50-day simple moving average is $23.98. The stock has a market capitalization of $95.37 billion, a PE ratio of 11.04 and a beta of 0.92. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.05 and a current ratio of 0.05. Allianz has a 1-year low of $19.21 and a 1-year high of $24.57.

Allianz (OTCMKTS:AZSEY) last announced its earnings results on Friday, August 2nd. The financial services provider reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. The firm had revenue of $30.62 billion for the quarter. Allianz had a return on equity of 11.58% and a net margin of 5.59%. As a group, sell-side analysts predict that Allianz will post 2.22 EPS 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 insurance products to private and corporate customers.

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