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.
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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