Allianz (OTCMKTS:ALIZY) Sees Unusually-High Trading Volume Following Earnings Beat

Allianz SE (OTCMKTS:ALIZY) shares saw unusually-strong trading volume on Monday after the company announced better than expected quarterly earnings. Approximately 588,949 shares changed hands during mid-day trading, an increase of 167% from the previous session’s volume of 220,641 shares.The stock last traded at $41.9850 and had previously closed at $42.57.

The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.09. The business had revenue of $32.25 billion during the quarter. Allianz had a return on equity of 16.58% and a net margin of 5.47%.

Analysts Set New Price Targets

Separately, Erste Group Bank upgraded shares of Allianz from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Allianz Trading Down 1.6%

The company has a 50-day moving average price of $41.53 and a two-hundred day moving average price of $40.98. The stock has a market cap of $161.69 billion, a P/E ratio of 14.74, a P/E/G ratio of 1.19 and a beta of 0.86.

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.