Zurich Insurance Group (OTCMKTS:ZURVY) Downgraded to “Sell” at Zacks Investment Research

Zurich Insurance Group (OTCMKTS:ZURVY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research 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. “

Several other research firms have also commented on ZURVY. Deutsche Bank reiterated a “hold” rating on shares of Zurich Insurance Group in a research report on Tuesday, May 5th. Berenberg Bank started coverage on shares of Zurich Insurance Group in a research report on Thursday, March 5th. They issued a “buy” rating for the company. Barclays reiterated an “overweight” rating on shares of Zurich Insurance Group in a research report on Thursday. Goldman Sachs Group upgraded shares of Zurich Insurance Group from a “buy” rating to a “conviction-buy” rating in a research report on Sunday, June 7th. Finally, Morgan Stanley restated a “buy” rating on shares of Zurich Insurance Group in a research report on Wednesday, May 27th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $38.00.

OTCMKTS:ZURVY traded up $0.94 during mid-day trading on Friday, hitting $34.72. The company’s stock had a trading volume of 46,942 shares, compared to its average volume of 141,423. Zurich Insurance Group has a 1 year low of $26.66 and a 1 year high of $44.80. The stock has a market cap of $50.54 billion, a price-to-earnings ratio of 12.63 and a beta of 0.58. The business’s fifty day moving average is $31.27 and its two-hundred day moving average is $36.71.

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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