Morgan Stanley Boosts Zurich Insurance Group (OTCMKTS:ZURVY) Price Target to CHF 550

Zurich Insurance Group (OTCMKTS:ZURVYGet Rating) had its price target lifted by Morgan Stanley from CHF 530 to CHF 550 in a research note published on Friday, The Fly reports. The firm currently has an equal weight rating on the financial services provider’s stock.

Other equities analysts also recently issued research reports about the stock. Citigroup upgraded shares of Zurich Insurance Group from a neutral rating to a buy rating in a report on Wednesday, January 19th. Credit Suisse Group increased their price target on shares of Zurich Insurance Group from CHF 445 to CHF 480 in a report on Tuesday, March 22nd. Zacks Investment Research downgraded shares of Zurich Insurance Group from a buy rating to a hold rating in a report on Saturday, April 9th. Finally, The Goldman Sachs Group started coverage on shares of Zurich Insurance Group in a report on Wednesday, April 27th. They issued a neutral rating for the company. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Buy and an average target price of $361.67.

Zurich Insurance Group stock traded up $0.65 during trading hours on Friday, reaching $45.69. 209,776 shares of the stock were exchanged, compared to its average volume of 109,039. The company has a quick ratio of 20.75, a current ratio of 20.75 and a debt-to-equity ratio of 0.39. Zurich Insurance Group has a 52-week low of $38.43 and a 52-week high of $49.95. The firm’s 50 day moving average is $46.93 and its 200 day moving average is $45.60.

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

About Zurich Insurance Group (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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