Zurich Insurance Group (ZURVY) Upgraded by Zacks Investment Research to Hold

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

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. “

Separately, JPMorgan Chase & Co. cut shares of Zurich Insurance Group from an “overweight” rating to a “neutral” rating in a research report on Thursday, December 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold”.

ZURVY traded up $0.01 on Friday, hitting $30.94. 69,876 shares of the stock were exchanged, compared to its average volume of 57,597. Zurich Insurance Group has a 12 month low of $28.51 and a 12 month high of $33.90. The stock has a market capitalization of $46.40 billion, a price-to-earnings ratio of 15.55 and a beta of 0.74.

Zurich Insurance Group Company Profile

Zurich Insurance Group AG, together with its subsidiaries, provides insurance products and related services in Europe, North America, Latin America, and the Asia Pacific. The company operates through Property & Casualty Regions, Life Regions, Farmers, and Non-Core Businesses segments. It offers car, home, travel, general liability, life and critical illness, and other insurance products; and saving and investment, and pension and retirement planning products.

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