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

Zacks Investment Research upgraded shares of Zurich Insurance Group (OTCMKTS:ZURVY) from a sell rating to a hold rating in a research note released on Saturday morning, Zacks.com reports.

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. “

Shares of OTCMKTS ZURVY opened at $32.20 on Friday. The stock has a market cap of $48.73 billion, a PE ratio of 12.98 and a beta of 0.74. Zurich Insurance Group has a 1 year low of $28.51 and a 1 year high of $34.00. The company has a quick ratio of 20.42, a current ratio of 20.42 and a debt-to-equity ratio of 0.38.

The firm also recently disclosed an annual dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Monday, April 8th will be issued a dividend of $1.581 per share. This represents a dividend yield of 4.75%. The ex-dividend date of this dividend is Friday, April 5th. Zurich Insurance Group’s dividend payout ratio is currently 63.71%.

About Zurich Insurance Group

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, and Non-Core Businesses segments.

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