Zurich Insurance Group (OTCMKTS:ZURVY) Lowered 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 report issued 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 brokerages also recently issued reports on ZURVY. Oddo Bhf raised Zurich Insurance Group from an “underperform” rating to a “neutral” rating in a report on Friday, November 12th. Morgan Stanley reiterated an “overweight” rating on shares of Zurich Insurance Group in a report on Friday, November 12th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $52.00.

Zurich Insurance Group stock opened at $47.72 on Friday. Zurich Insurance Group has a 52 week low of $38.43 and a 52 week high of $48.07. The business’s 50-day moving average price is $43.42 and its 200 day moving average price is $42.59.

Zurich Insurance Group Company Profile

Zurich Insurance Group AG is a holding company, which engages in the provision of insurance products and related services. It operates through the following segments: Property and Casualty Regions, Life Regions, Farmers, Group Functions and Operations, and Non-Core Businesses. The Property and Casualty Regions segment provides motor, home and commercial products and services for individuals, as well as small and large businesses on both a local and global basis.

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