Allianz (OTCMKTS:ALIZY) Downgraded to Hold at Zacks Investment Research

Allianz (OTCMKTS:ALIZYGet Rating) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday, Zacks.com reports.

According to Zacks, “Allianz SE provides property-casualty insurance, life/health insurance, and asset management products and services together with its subsidiaries. Allianz SE is based in Munich, Germany. “

Other equities analysts have also recently issued research reports about the company. Citigroup raised Allianz from a “neutral” rating to a “buy” rating in a report on Thursday, March 31st. Deutsche Bank Aktiengesellschaft boosted their price objective on Allianz from €250.00 ($274.73) to €260.00 ($285.71) and gave the company a “buy” rating in a report on Thursday, January 27th. Finally, Morgan Stanley reduced their price target on Allianz from €275.00 ($302.20) to €250.00 ($274.73) and set an “overweight” rating for the company in a report on Tuesday, April 5th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Allianz has an average rating of “Buy” and a consensus price target of $179.00.

Shares of ALIZY stock traded up $0.09 on Monday, hitting $23.43. The company had a trading volume of 172,700 shares, compared to its average volume of 258,393. The firm has a market cap of $95.70 billion, a P/E ratio of 12.40 and a beta of 1.20. The company has a 50-day moving average price of $23.70 and a 200-day moving average price of $23.56. Allianz has a twelve month low of $19.51 and a twelve month high of $26.85.

Allianz (OTCMKTS:ALIZYGet Rating) last issued its quarterly earnings data on Thursday, February 17th. The company reported ($0.08) earnings per share (EPS) for the quarter. The company had revenue of $35.89 billion during the quarter. Allianz had a net margin of 4.51% and a return on equity of 8.09%. As a group, sell-side analysts predict that Allianz will post 2.33 earnings per share for the current fiscal year.

About Allianz (Get Rating)

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.

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