Zacks Investment Research cut shares of Allianz SE (NASDAQ:AZSEY) from a buy rating to a hold rating in a research report sent to investors on Tuesday.
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. “
Allianz SE (NASDAQ:AZSEY) opened at 18.865 on Tuesday. The company has a market capitalization of $85.85 billion and a price-to-earnings ratio of 11.530. The stock has a 50 day moving average price of $18.60 and a 200 day moving average price of $17.19. Allianz SE has a 12-month low of $13.11 and a 12-month high of $19.35.
About Allianz SE
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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