Zurich Insurance Group (OTCMKTS:ZURVY) Rating Increased to Hold at Zacks Investment Research


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Zacks Investment Research upgraded shares of Zurich Insurance Group (OTCMKTS:ZURVY) from a sell rating to a hold rating in a research report released on Saturday, 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. “

Several other equities analysts also recently commented on the company. Exane BNP Paribas upgraded Zurich Insurance Group from an underperform rating to an outperform rating in a research report on Monday, February 8th. Oddo Bhf lowered shares of Zurich Insurance Group from a neutral rating to an underperform rating in a report on Friday, February 12th. Barclays reiterated an overweight rating on shares of Zurich Insurance Group in a report on Tuesday, March 30th. Citigroup lowered Zurich Insurance Group from a buy rating to a neutral rating in a research report on Wednesday, January 27th. Finally, JPMorgan Chase & Co. reiterated an overweight rating on shares of Zurich Insurance Group in a research report on Thursday, April 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $47.00.

Shares of OTCMKTS:ZURVY opened at $41.43 on Friday. Zurich Insurance Group has a 52-week low of $27.79 and a 52-week high of $44.55. The company has a market capitalization of $62.34 billion, a PE ratio of 15.07 and a beta of 0.50. The company has a fifty day moving average of $42.61 and a 200-day moving average of $40.39.

About Zurich Insurance Group

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.

Further Reading: Equal Weight Rating

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Analyst Recommendations for Zurich Insurance Group (OTCMKTS:ZURVY)

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