Zurich Insurance Group AG (OTCMKTS:ZURVY) Short Interest Up 58.6% in April

Zurich Insurance Group AG (OTCMKTS:ZURVYGet Rating) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 76,600 shares, a growth of 58.6% from the March 31st total of 48,300 shares. Based on an average daily volume of 203,200 shares, the days-to-cover ratio is presently 0.4 days.

Zurich Insurance Group stock opened at $45.16 on Friday. Zurich Insurance Group has a twelve month low of $38.43 and a twelve month high of $49.95. The firm has a 50 day moving average price of $46.86 and a 200-day moving average price of $45.44. The company has a debt-to-equity ratio of 0.39, a current ratio of 20.75 and a quick ratio of 20.75.

The company also recently announced a dividend, which was paid on Friday, April 22nd. Shareholders of record on Monday, April 11th were paid a $0.1687 dividend. This represents a yield of 4.08%. The ex-dividend date was Friday, April 8th.

ZURVY has been the subject of several research reports. Credit Suisse Group increased their price objective on Zurich Insurance Group from CHF 445 to CHF 480 in a research report on Tuesday, March 22nd. Zacks Investment Research lowered Zurich Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday, April 9th. Citigroup upgraded Zurich Insurance Group from a “neutral” rating to a “buy” rating in a report on Wednesday, January 19th. The Goldman Sachs Group started coverage on Zurich Insurance Group in a research note on Wednesday. They issued a “neutral” rating on the stock. Finally, Morgan Stanley lowered Zurich Insurance Group from an “overweight” rating to an “equal weight” rating in a report on Tuesday, February 8th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Zurich Insurance Group presently has a consensus rating of “Buy” and an average price target of $267.50.

Zurich Insurance Group Company Profile (Get Rating)

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, Group Functions and Operations, and Non-Core Businesses segments.

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