Zurich Insurance Group (OTCMKTS:ZURVY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors 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. “
A number of other equities analysts have also weighed in on ZURVY. Morgan Stanley upgraded Zurich Insurance Group from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 30th. Deutsche Bank reiterated a “hold” rating on shares of Zurich Insurance Group in a research report on Tuesday, May 5th. Berenberg Bank assumed coverage on Zurich Insurance Group in a research report on Thursday, March 5th. They issued a “buy” rating for the company. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Zurich Insurance Group in a research report on Friday, May 15th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $38.00.
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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