Zurich Insurance Group AG (OTCMKTS:ZURVY) Short Interest Update

Zurich Insurance Group AG (OTCMKTS:ZURVY – Get Rating) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 19,800 shares, a growth of 62.3% from the June 30th total of 12,200 shares. Based on an average trading volume of 265,500 shares, the days-to-cover ratio is presently 0.1 days.

Zurich Insurance Group Price Performance

ZURVY opened at $43.68 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 20.75 and a quick ratio of 20.75. The company’s 50 day simple moving average is $43.49 and its 200-day simple moving average is $45.70. Zurich Insurance Group has a one year low of $40.19 and a one year high of $49.95.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ZURVY shares. JPMorgan Chase & Co. reduced their target price on shares of Zurich Insurance Group from CHF 555 to CHF 550 in a research note on Friday, July 15th. The Goldman Sachs Group began coverage on shares of Zurich Insurance Group in a research report on Wednesday, April 27th. They set a “neutral” rating on the stock. Finally, Morgan Stanley lifted their target price on shares of Zurich Insurance Group from CHF 530 to CHF 550 and gave the company an “equal weight” rating in a research note on Friday, May 13th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Zurich Insurance Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $526.67.

Zurich Insurance Group Company Profile

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Zurich Insurance Group AG, together with its subsidiaries, provides insurance products and related services in Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific. The company operates through Property & Casualty Regions, Life Regions, Farmers, Group Functions and Operations, and Non-Core Businesses segments.