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Barclays Stick to Their Buy Rating for Zurich Insurance Group Ltd

Published 12/04/2021, 04:15 AM
Updated 12/04/2021, 04:15 AM


Barclays (LON:BARC) analyst Claudia Gaspari maintained a Buy rating on Zurich Insurance Group (OTC:ZFSVF) Ltd on Friday, setting a price target of CHF445, which is approximately 13.04% above the present share price of $427.84.

Gaspari expects Zurich Insurance Group Ltd to post earnings per share (EPS) of $0.00 for the fourth quarter of 2021.

The current consensus among 8 TipRanks analysts is for a Strong Buy rating of shares in Zurich Insurance Group, with an average price target of $485.12.
The analysts price targets range from a high of $543.4 to a low of $427.11.

In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $0 and a net profit of $0. The company's market cap is $63.53 billion.

According to TipRanks.com, Barclays analyst Claudia Gaspari is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 3.6% and a 55.80% success rate.

Zurich Insurance Group AG (OTC:ZURVY) 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.

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