Allianz (AZSEY) Upgraded by Zacks Investment Research to “Buy”

Zacks Investment Research upgraded shares of Allianz (OTCMKTS:AZSEY) from a hold rating to a buy rating in a report released on Wednesday, January 17th. Zacks Investment Research currently has $28.00 target price on the financial services provider’s stock.

According to Zacks, “Allianz AG’s principal activities are carried out through four divisions: Life/Health: Provides any of life and heath insurances; Property/Casualty: Provides property and casualty insurance, travel insurance and credit insurance; Banking: Provides a range of banking services, including lending, deposit taking, investment banking; Asset Management: Asset Management for third party investor and Asset under Management which cover the owners investments. “

AZSEY has been the topic of a number of other research reports. Barclays restated a sell rating on shares of Allianz in a report on Monday, November 6th. ValuEngine upgraded Allianz from a buy rating to a strong-buy rating in a report on Tuesday, September 26th. Citigroup restated a neutral rating on shares of Allianz in a report on Monday, November 13th. Royal Bank of Canada restated a neutral rating on shares of Allianz in a report on Monday, November 6th. Finally, DZ Bank reiterated a buy rating on shares of Allianz in a report on Wednesday, November 1st. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $28.00.

Shares of Allianz (OTCMKTS:AZSEY) traded down $0.06 during trading on Wednesday, reaching $22.89. The company’s stock had a trading volume of 278,717 shares, compared to its average volume of 269,909. Allianz has a 12-month low of $16.59 and a 12-month high of $25.65. The firm has a market capitalization of $100,773.00, a PE ratio of 13.16 and a beta of 1.18.

Allianz (OTCMKTS:AZSEY) last announced its quarterly earnings data on Thursday, November 9th. The financial services provider reported $0.41 EPS for the quarter. Allianz had a return on equity of 10.35% and a net margin of 5.72%. equities analysts expect that Allianz will post 1.92 earnings per share for the current year.

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Allianz Company Profile

Allianz SE is a financial service company. The Company is the holding company of the Allianz Group (Allianz SE and its subsidiaries). The Company’s segments include Property-Casualty, Life/Health, Asset Management, and Corporate and Other. The Company provides a range of reinsurance coverage, primarily to Allianz insurance entities, as well as to third-party customers.

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Analyst Recommendations for Allianz (OTCMKTS:AZSEY)

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