Zurich Insurance Group (OTCMKTS:ZURVY) Downgraded by Zacks Investment Research to “Sell”


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Zurich Insurance Group (OTCMKTS:ZURVY) was downgraded by Zacks Investment Research from a “buy” rating to a “sell” rating in a report issued on Thursday, Zacks.com reports.

According to Zacks, “Zurich Insurance Group Limited is a multi-line insurance provider. It offers a wide range of general insurance and life insurance products and services for individuals, small businesses, mid-sized and large companies and multinational corporations. The Company operates in three segments: General Insurance, Global Life and Farmers. Its General Insurance segment provides property and casualty products and services for individual and commercial customers. Its Global Life segment offers life insurance, investments, savings and pensions solutions to international and expatriate investors, corporate customers and private banks. Its Farmers segment includes Farmers Re and Farmers Management Services, through which it manages the Farmers Exchanges, as well as Foremost, Bristol West and 21st Century products in the United States. Zurich Insurance Group Limited, formerly known as Zurich Financial Services Limited, is based in Zurich, Switzerland. “

ZURVY has been the topic of several other research reports. Societe Generale restated a “buy” rating on shares of Zurich Insurance Group in a report on Tuesday, December 15th. Berenberg Bank reiterated a “buy” rating on shares of Zurich Insurance Group in a research note on Monday, December 14th. Barclays reiterated an “overweight” rating on shares of Zurich Insurance Group in a research note on Tuesday, March 30th. UBS Group reiterated a “buy” rating on shares of Zurich Insurance Group in a research note on Tuesday, February 9th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Zurich Insurance Group in a research note on Wednesday, January 6th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $47.00.

OTCMKTS:ZURVY opened at $44.28 on Thursday. The stock’s fifty day moving average is $42.54 and its 200 day moving average is $39.96. Zurich Insurance Group has a fifty-two week low of $27.79 and a fifty-two week high of $44.55. The firm has a market capitalization of $66.62 billion, a PE ratio of 16.10 and a beta of 0.50.

Zurich Insurance Group Company Profile

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.

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Analyst Recommendations for Zurich Insurance Group (OTCMKTS:ZURVY)

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