HSBC cut shares of Zurich Insurance Group (OTCMKTS:ZURVY) from a buy rating to a hold rating in a report released on Friday morning, The Fly reports.

Separately, Zacks Investment Research upgraded Zurich Insurance Group from a hold rating to a strong-buy rating and set a $36.00 target price on the stock in a research note on Saturday, February 2nd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $36.00.

Zurich Insurance Group stock opened at $32.75 on Friday. The stock has a market capitalization of $49.46 billion, a PE ratio of 13.21 and a beta of 0.65. The company has a current ratio of 20.42, a quick ratio of 20.42 and a debt-to-equity ratio of 0.38. Zurich Insurance Group has a 12 month low of $28.51 and a 12 month high of $34.00.

The company also recently announced an annual dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Monday, April 8th were paid a $1.581 dividend. The ex-dividend date of this dividend was Friday, April 5th. This represents a yield of 4.75%. Zurich Insurance Group’s dividend payout ratio (DPR) is currently 64.11%.

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, and Non-Core Businesses segments.

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