Zurich Insurance Group (OTCMKTS:ZURVY) Rating Increased to Buy at Zacks Investment Research

Zurich Insurance Group (OTCMKTS:ZURVYGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, Zacks.com reports. The firm currently has a $50.00 price objective on the financial services provider’s stock. Zacks Investment Research‘s target price suggests a potential upside of 8.88% from the company’s previous close.

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 brokerages have also commented on ZURVY. The Goldman Sachs Group began coverage on Zurich Insurance Group in a report on Wednesday, April 27th. They issued a “neutral” rating on the stock. Credit Suisse Group lifted their target price on Zurich Insurance Group from CHF 445 to CHF 480 in a research report on Tuesday, March 22nd. Finally, Morgan Stanley raised their price target on Zurich Insurance Group from CHF 530 to CHF 550 and gave the company an “equal weight” rating in a research note on Friday, May 13th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $360.00.

Shares of Zurich Insurance Group stock traded down $0.08 during trading on Thursday, reaching $45.92. The stock had a trading volume of 58,260 shares, compared to its average volume of 126,275. The stock has a fifty day moving average price of $46.95 and a two-hundred day moving average price of $45.64. Zurich Insurance Group has a 52 week low of $38.43 and a 52 week high of $49.95. The company has a debt-to-equity ratio of 0.39, a quick ratio of 20.75 and a current ratio of 20.75.

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.

See Also

Get a free copy of the Zacks research report on Zurich Insurance Group (ZURVY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Zurich Insurance Group (OTCMKTS:ZURVY)

Receive News & Ratings for Zurich Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zurich Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter.