Allianz SE (OTCMKTS:ALIZY – Get Rating) – Jefferies Financial Group lowered their FY2022 earnings per share estimates for Allianz in a research report issued on Tuesday, April 12th. Jefferies Financial Group analyst P. Kett now forecasts that the company will post earnings of $1.99 per share for the year, down from their previous estimate of $2.20.
A number of other research analysts also recently commented on the company. Erste Group raised Allianz from a “hold” rating to a “buy” rating in a report on Thursday. Citigroup raised Allianz from a “neutral” rating to a “buy” rating in a report on Thursday, March 31st. Zacks Investment Research downgraded Allianz from a “strong-buy” rating to a “hold” rating in a report on Monday. Morgan Stanley reduced their target price on Allianz from €275.00 ($298.91) to €250.00 ($271.74) and set an “overweight” rating on the stock in a report on Tuesday, April 5th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Allianz from €250.00 ($271.74) to €260.00 ($282.61) and gave the stock a “buy” rating in a report on Thursday, January 27th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Allianz presently has a consensus rating of “Buy” and a consensus target price of $179.00.
Allianz (OTCMKTS:ALIZY – Get Rating) last issued its quarterly earnings results on Thursday, February 17th. The company reported ($0.08) EPS for the quarter. The business 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%.
Allianz Company Profile (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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