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

Zurich Insurance Group (OTCMKTS:ZURVY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Friday, 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 brokerages also recently commented on ZURVY. Jefferies Financial Group upgraded Zurich Insurance Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 20th. Societe Generale upgraded Zurich Insurance Group from a “hold” rating to a “buy” rating in a research note on Thursday, September 12th. HSBC downgraded Zurich Insurance Group from a “buy” rating to a “hold” rating in a research note on Friday, May 31st. Barclays reiterated a “neutral” rating on shares of Zurich Insurance Group in a research note on Wednesday, September 11th. Finally, JPMorgan Chase & Co. raised Zurich Insurance Group from a “neutral” rating to an “overweight” rating in a report on Thursday, June 20th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $40.00.

ZURVY stock traded up $0.09 during mid-day trading on Friday, reaching $38.30. The company had a trading volume of 13,090 shares, compared to its average volume of 40,786. The company has a debt-to-equity ratio of 0.38, a current ratio of 20.42 and a quick ratio of 20.42. The stock has a 50 day simple moving average of $36.06 and a two-hundred day simple moving average of $33.93. The company has a market capitalization of $57.29 billion, a price-to-earnings ratio of 15.44 and a beta of 0.66. Zurich Insurance Group has a 52 week low of $28.51 and a 52 week high of $38.69.

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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