Short Interest in Allianz SE (OTCMKTS:ALIZY) Decreases By 51.1%

Allianz SE (OTCMKTS:ALIZYGet Rating) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totalling 29,800 shares, a decline of 51.1% from the April 30th total of 60,900 shares. Based on an average daily volume of 637,300 shares, the short-interest ratio is currently 0.0 days.

A number of analysts have commented on the company. The Goldman Sachs Group assumed coverage on Allianz in a report on Wednesday, April 27th. They set a “buy” rating for the company. JPMorgan Chase & Co. boosted their target price on Allianz from €255.00 ($271.28) to €260.00 ($276.60) in a research note on Sunday, May 15th. Citigroup upgraded Allianz from a “neutral” rating to a “buy” rating in a research note on Thursday, March 31st. upgraded Allianz from a “hold” rating to a “buy” rating in a research note on Thursday, April 14th. Finally, Zacks Investment Research downgraded Allianz from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Allianz currently has an average rating of “Buy” and an average price target of $199.25.

Allianz stock opened at $21.26 on Friday. Allianz has a 12 month low of $19.51 and a 12 month high of $26.71. The business’s 50 day simple moving average is $22.59 and its 200 day simple moving average is $23.34. The company has a market cap of $86.84 billion, a price-to-earnings ratio of 16.48 and a beta of 1.16.

The company also recently disclosed a dividend, which will be paid on Friday, May 27th. Investors of record on Friday, May 6th will be paid a $0.8077 dividend. The ex-dividend date is Thursday, May 5th. This represents a yield of 3.56%. Allianz’s payout ratio is 61.24%.

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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