Zacks Investment Research Upgrades Zurich Insurance Group (ZURVY) to “Hold”
Zurich Insurance Group (OTCMKTS:ZURVY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Sunday.
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. “
ZURVY has been the subject of a number of other research reports. Deutsche Bank reissued a “neutral” rating on shares of Zurich Insurance Group in a research report on Monday, November 6th. DZ Bank reissued a “neutral” rating on shares of Zurich Insurance Group in a research report on Thursday, November 16th. Barclays lowered shares of Zurich Insurance Group from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 11th. JPMorgan Chase & Co. lowered shares of Zurich Insurance Group from an “overweight” rating to a “neutral” rating in a research report on Monday, November 27th. Finally, Macquarie reissued an “underperform” rating on shares of Zurich Insurance Group in a research report on Thursday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold”.
Zurich Insurance Group Company Profile
Zurich Insurance Group AG is a holding company. The Company and its subsidiaries provide insurance products and related services. Its segments include General Insurance, Global Life, Farmers, Other Operating Businesses and Non-Core Businesses. The General Insurance segment provides a range of motor, home and commercial products and services for individuals, as well as small and large businesses.
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