Zurich Insurance Group AG (OTCMKTS:ZURVY) Sees Large Increase in Short Interest

Zurich Insurance Group AG (OTCMKTS:ZURVYGet Rating) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 28,200 shares, a growth of 475.5% from the April 30th total of 4,900 shares. Based on an average daily volume of 222,900 shares, the days-to-cover ratio is presently 0.1 days.

ZURVY has been the topic of a number of analyst reports. Credit Suisse Group increased their price objective on Zurich Insurance Group from CHF 445 to CHF 480 in a research note on Tuesday, March 22nd. The Goldman Sachs Group started coverage on Zurich Insurance Group in a research note on Wednesday, April 27th. They set a “neutral” rating for the company. Zacks Investment Research lowered Zurich Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 9th. Finally, Morgan Stanley lifted their target price on Zurich Insurance Group from CHF 530 to CHF 550 and gave the stock an “equal weight” rating in a research report on Friday, May 13th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $361.67.

Shares of OTCMKTS ZURVY traded up $0.57 during mid-day trading on Wednesday, hitting $46.00. The company had a trading volume of 87,596 shares, compared to its average volume of 126,963. Zurich Insurance Group has a 12 month low of $38.43 and a 12 month high of $49.95. The company has a current ratio of 20.75, a quick ratio of 20.75 and a debt-to-equity ratio of 0.39. The firm’s 50 day simple moving average is $46.97 and its two-hundred day simple moving average is $45.64.

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

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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