Allianz SE (OTCMKTS:ALIZY) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of Allianz SE (OTCMKTS:ALIZY) have been given an average recommendation of “Reduce” by the five brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company.

Several research firms recently weighed in on ALIZY. Dbs Bank upgraded shares of Allianz from a “strong sell” rating to a “moderate sell” rating in a report on Wednesday, May 28th. Keefe, Bruyette & Woods lowered Allianz from a “moderate buy” rating to a “hold” rating in a research report on Monday, June 9th. The Goldman Sachs Group lowered Allianz from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 20th. Barclays lowered Allianz from a “hold” rating to a “strong sell” rating in a research report on Thursday. Finally, Citigroup reissued a “neutral” rating on shares of Allianz in a research report on Friday, May 16th.

Allianz Trading Down 1.2%

Allianz stock opened at $39.24 on Friday. Allianz has a 1-year low of $26.50 and a 1-year high of $42.99. The company has a market cap of $151.53 billion, a P/E ratio of 14.98, a price-to-earnings-growth ratio of 1.26 and a beta of 0.92. The company has a fifty day simple moving average of $39.79 and a 200 day simple moving average of $35.75.

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

Allianz Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, May 28th. Stockholders of record on Tuesday, May 13th were given a dividend of $1.1993 per share. This is an increase from Allianz’s previous dividend of $1.03. This represents a dividend yield of 2.83%. The ex-dividend date was Monday, May 12th. Allianz’s dividend payout ratio is currently 43.49%.

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 to private and corporate customers.