Zurich Insurance Group (OTCMKTS:ZURVY) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Saturday.
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 research analysts also recently commented on the stock. DZ Bank reissued a “neutral” rating on shares of Zurich Insurance Group in a research report on Friday, August 10th. Goldman Sachs Group reissued a “buy” rating on shares of Zurich Insurance Group in a research report on Tuesday, August 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold”.
ZURVY traded up $0.43 during trading hours on Friday, hitting $30.69. 314,636 shares of the company’s stock were exchanged, compared to its average volume of 84,090. Zurich Insurance Group has a 12-month low of $29.09 and a 12-month high of $33.90. The company has a market cap of $47.65 billion, a P/E ratio of 15.42 and a beta of 0.87.
Zurich Insurance Group Company Profile
Zurich Insurance Group AG, together with its subsidiaries, provides insurance products and related services in Europe, North America, Latin America, and the Asia Pacific. The company operates through Property & Casualty Regions, Life Regions, Farmers, and Non-Core Businesses segments. It offers car, home, travel, general liability, life and critical illness, and other insurance products; and saving and investment, and pension and retirement planning products.
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