Allianz (OTCMKTS:ALIZY) Cut to “Hold” at The Goldman Sachs Group

The Goldman Sachs Group cut shares of Allianz (OTCMKTS:ALIZY) from a strong-buy rating to a hold rating in a report issued on Tuesday morning,Zacks.com reports.

ALIZY has been the subject of a number of other reports. Citigroup reaffirmed a “neutral” rating on shares of Allianz in a research report on Friday, May 16th. HSBC lowered Allianz to a “hold” rating in a report on Friday, May 16th.

Allianz Price Performance

Shares of Allianz stock opened at $39.65 on Tuesday. Allianz has a one year low of $26.50 and a one year high of $42.99. The stock’s 50-day moving average is $39.15 and its 200 day moving average is $34.65. The firm has a market cap of $153.12 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 1.26 and a beta of 0.94.

Allianz (OTCMKTS:ALIZY) last announced its earnings results on Thursday, May 15th. The company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.08). Allianz had a net margin of 5.54% and a return on equity of 16.34%. The business had revenue of $60.55 billion for the quarter, compared to the consensus estimate of $21.13 billion. On average, sell-side analysts expect that Allianz will post 2.63 EPS for the current fiscal year.

Allianz Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Tuesday, May 13th will be paid a dividend of $1.1993 per share. The ex-dividend date is Monday, May 12th. This represents a yield of 2.83%. This is a positive change from Allianz’s previous dividend of $1.03. Allianz’s payout ratio is 43.49%.

About Allianz

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.