Zacks Investment Research lowered shares of Allianz (OTCMKTS:AZSEY) from a buy rating to a hold rating in a research note published on Thursday, January 18th.
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 subject of several other reports. Barclays reaffirmed a sell rating on shares of Allianz in a report on Monday, November 6th. ValuEngine raised Allianz from a buy rating to a strong-buy rating in a report on Tuesday, September 26th. Citigroup reissued a neutral rating on shares of Allianz in a report on Monday, November 13th. Royal Bank of Canada reissued a neutral rating on shares of Allianz in a report on Monday, November 6th. Finally, DZ Bank reissued a buy rating on shares of Allianz in a report on Wednesday, November 1st. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Allianz currently has a consensus rating of Hold and a consensus price target of $28.00.
Allianz (AZSEY) opened at $22.89 on Thursday. The company has a market capitalization of $100,773.00, a P/E ratio of 13.16 and a beta of 1.18. Allianz has a fifty-two week low of $16.59 and a fifty-two week high of $25.65.
Allianz (OTCMKTS:AZSEY) last posted its earnings results 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%. sell-side analysts predict that Allianz will post 1.92 EPS for the current fiscal year.
TRADEMARK VIOLATION NOTICE: “Allianz (OTCMKTS:AZSEY) Stock Rating Lowered by Zacks Investment Research” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece on another site, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://ledgergazette.com/2018/02/11/allianz-azsey-downgraded-by-zacks-investment-research-to-hold.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Allianz Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allianz and related companies with MarketBeat.com's FREE daily email newsletter.