In a report issued on December 11, Michael Huttner CFA from Berenberg Bank maintained a Buy rating on Zurich Insurance Group (ZFSVF), with a price target of CHF453.10. The company’s shares closed last Friday at $405.95.
According to TipRanks.com, CFA is a 4-star analyst with an average return of 12.0% and a 83.0% success rate. CFA covers the Financial sector, focusing on stocks such as Swiss Life Holding AG, Swiss Re AG, and M&G Plc.
Zurich Insurance Group has an analyst consensus of Strong Buy, with a price target consensus of $450.52, representing a 12.3% upside. In a report released today, Morgan Stanley also maintained a Buy rating on the stock with a CHF443.00 price target.
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The company has a one-year high of $447.60 and a one-year low of $259.50. Currently, Zurich Insurance Group has an average volume of 465.
Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ZFSVF in relation to earlier this year.
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Zurich Insurance Group AG is a holding company, which engages in the provision of insurance products and related services. It operates through the following segments: Property and Casualty Regions, Life Regions, Farmers, Group Functions and Operations, and Non-Core Businesses. The Property and Casualty Regions segment provides motor, home and commercial products and services for individuals, as well as small and large businesses on both a local and global basis. The Life Regions segment refers to the comprehensive range of life and health insurance products on both an individual and a group basis, including annuities, endowment and term insurance, unit-linked and investment-oriented products, as well as full private health, supplemental health and long-term care insurance. The Farmers segment includes non-claims administrative and management services to the Farmers Exchanges, which are owned by policyholders. The Group Functions and Operations segment comprises the Group´s Holding and Financing and Headquarters activities. The Non-Core Businesses segment includes insurance and reinsurance businesses that the Group does not consider core to its operations and that are therefore mostly managed to achieve a beneficial run-off. The company was founded in 1872 and is headquartered in Zurich, Switzerland.
