Zurich Insurance Group

Zurich Insurance Group is a multi-line insurance company. Co. provides a range of general insurance and life insurance products and services, serving individuals, small businesses, and mid-sized and large companies, including multinational corporations, in more than 170 countries. Co.'s business segments include: General Insurance, which provides property and casualty insurance and services, risk insights; Global Life, which provides protection, savings and investment solutions; and Farmers, which provides management services related to property and casualty insurance.
  • TickerZURN
  • ISINCH0011075394
  • ExchangeSix Swiss Exchange
  • SectorNonlife Insurance
  • CountrySwitzerland

Increased risk weighs on ZURICH INSURANCE GROUP, penalising its rating down to Slightly Negative

The independent financial analyst theScreener just lowered the general evaluation of ZURICH INSURANCE GROUP (CH), active in the Full Line Insurance industry. As regards its fundamental valuation, the title still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date October 2, 2020, the closing price was CHF 324.90 and its target price was estimated at CHF 274.80.

Benoit Valleaux ...
  • Roland Pfaender,MBA,CFA,CCRA
  • Slim Bouasker

ODDO : Motor insurance is the biggest winner from the lockdown!

>Major contribution from motor insurance in Europe - Motor insurance is a key business segment for all P&C insurance groups in Europe. In terms of revenues, motor insurance accounted for 35.6% of total P&C premiums in Europe at end-2018. As we can see from chart 1, between 2004 and 2018, the weight of the segment has been largely stable in France (35.2% at end-2018) and in Germany (39.5%). Despite the decline seen in the last few years in Italy (53.4%) and the UK (20....

Benoit Valleaux ...
  • Roland Pfaender,MBA,CFA,CCRA
  • Slim Bouasker

ODDO : L’assurance automobile a été le grand gagnant du confinement!

>Un poids important de l’assurance auto en Europe - L’assurance auto est une activité extrêmement importante pour l’ensemble des acteurs de l’assurance dommages en Europe. En termes de ventes, les primes en assurances auto représentaient 35.6% des primes dommages en Europe à fin 2018. Comme le montre le graphique 1, entre 2004 et 2018, le poids de cette activité est resté quasiment stable en France (35.2% à fin 2018) et en Allemagne (39.5%). Malgré la baisse observée ...

Alfred Glaser ...
  • Anis Zgaya
  • Anthony Dick
  • Benoit Valleaux
  • Chaima Ferrandon
  • Delphine Brault
  • Emna Ben Bdira
  • Florent Laroche-Joubert
  • Harald Eggeling
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nadine El Ouni
  • Nour El Houda Hammami
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Slim Bouasker
  • Sven Edelfelt
  • Syrine Kabboura
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/11/2020

...

Alain William ...
  • Alfred Glaser
  • Anis Zgaya
  • Anthony Dick
  • Benoit Valleaux
  • Chaima Ferrandon
  • Delphine Brault
  • Emna Ben Bdira
  • Florent Laroche-Joubert
  • Hana Jomni
  • Harald Eggeling
  • Haythem BOHLI
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nadine El Ouni
  • Nour El Houda Hammami
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Slim Bouasker
  • Sven Edelfelt
  • Syrine Kabboura
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 11/09/2020

...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Europe & the UK remain in focus The MSCI ACWI ex-U.S. is breaking topside its nearly 14-month downtrend and above key resistance. The move is being fueled by improvements throughout most of Europe and the UK, along with strength in China over the past 2-3 months. We believe these positive developments are supportive of higher equity prices moving forward. As a result of these and several other observations highlighted below, our outlook on global equities is positive. • Europe & the UK. As has been the case over the last several weeks, a major focus of ours within global equities (ex-U.S.)...

Jérôme VINERIER

Short term view - ZURICH INSUR : The background trend is clearly bullish.

The background trend is clearly bullish. Prices are still making progress but there is less power in the movement. The next resistance is at CHF 320.00. Breaking below the support at CHF 288.90 would invalidate the trend.

Jérôme VINERIER

Analyse court terme - ZURICH INSUR : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. Les cours progressent encore, mais le mouvement montre moins de puissance. La prochaine résistance est à 320,00 CHF. La rupture du support à 288,90 CHF invaliderait cette tendance.

Matthieu DRIOL

Short term view - ZURICH INSUR : The background trend is clearly bullish.

The background trend is clearly bullish. Prices are still making progress but there is less power in the movement. The next resistance is at CHF 306.40. Breaking below the support at CHF 290.20 would invalidate the trend.

Matthieu DRIOL

Analyse court terme - ZURICH INSUR : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. Les cours progressent encore, mais le mouvement montre moins de puissance. La prochaine résistance est à 306,40 CHF. La rupture du support à 290,20 CHF invaliderait cette tendance.

Zurich Insurance Group AG: 1 director sold

A director at Zurich Insurance Group AG sold 6,125 shares at 281.025CHF and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The na...

Benoit Valleaux ...
  • Roland Pfaender,MBA,CFA,CCRA
  • Slim Bouasker

ODDO : Motor insurance is the biggest winner from the lockdown!

>Major contribution from motor insurance in Europe - Motor insurance is a key business segment for all P&C insurance groups in Europe. In terms of revenues, motor insurance accounted for 35.6% of total P&C premiums in Europe at end-2018. As we can see from chart 1, between 2004 and 2018, the weight of the segment has been largely stable in France (35.2% at end-2018) and in Germany (39.5%). Despite the decline seen in the last few years in Italy (53.4%) and the UK (20....

Benoit Valleaux ...
  • Roland Pfaender,MBA,CFA,CCRA
  • Slim Bouasker

ODDO : L’assurance automobile a été le grand gagnant du confinement!

>Un poids important de l’assurance auto en Europe - L’assurance auto est une activité extrêmement importante pour l’ensemble des acteurs de l’assurance dommages en Europe. En termes de ventes, les primes en assurances auto représentaient 35.6% des primes dommages en Europe à fin 2018. Comme le montre le graphique 1, entre 2004 et 2018, le poids de cette activité est resté quasiment stable en France (35.2% à fin 2018) et en Allemagne (39.5%). Malgré la baisse observée ...

Olivier Pauchaut

Financials & Fintech | Coface and Scor are our preferred equity stories

Financials & Fintech | Coface and Scor are our preferred equity stories A new “Conviction Buy” on Coface and Scor Munich Re downgraded to Neutral, Hannover Re upgraded to Buy New target prices

Benoit Valleaux ...
  • Roland Pfaender,MBA,CFA,CCRA

ODDO : A marked increase in COVID-related charges in Q2, but additional costs anticipated for H2

>COVID charge increased four-fold at end-June (vs end-March) - The H1 accounts of insurance stocks were naturally marked by claims related to COVID-19, as well as the effects of the financial crisis. For all of the stocks in our coverage, COVID-related claims (excluding the favourable effect of automotive claims, but also without the impact of solidarity measures) totalled € 9.3bn at end-June, a marked increase vs end-March (€ 2.3bn). Whilst at end-March the COVID cha...

Benoit Valleaux ...
  • Roland Pfaender,MBA,CFA,CCRA

ODDO : Une forte hausse de la charge COVID au T2, mais des coûts supplémentaires sont attendus au S2

>La charge COVID a été multipliée par 4 à fin juin (vs fin mars) - Les comptes du S1 des valeurs d’assurance a naturellement été marqué par la charge de sinistre relative à la COVID-19, ainsi qu’aux effets de la crise financière. Sur l’ensemble des valeurs de notre univers, la charge de sinistres COVID (hors prise en compte des effets favorables sur la sinistralité automobile, mais également hors impact des mesures de solidarité) était en cumulé de 9.3 Md€ à fin juin,...

Zurich Insurance Group – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 29/11/2019 - Zurich Insurance - EN

Zurich Insurance (O/P): A Targeted Acquisition, But No Interest In Major Cross Border Mergers Société Générale (O/P): Plans To Raise €120bn For Energy Transition (2019-2023) CNH Industrial (O/P): Announces A €300m Bond Tender Offer Louis Dreyfus (M/P): Will Overhaul Its Operations And Cut Costs Grupo Antolin (U/P) - 9M-19: Operating Income of €89m (-19.5%) Matterhorn Telecom - 9M-19: EBITDA of CHF385m (+7.4%) Petrobras (M/P): Plans To Reduce Its Net Debt / EBITDA ratio

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 07/11/2019 - Crédit Agricole, Teva - FR

TP ICAP - Europe - Morning CreditUpdate 07/11/2019 - Crédit Agricole, Teva - FR

Alfred Glaser ...
  • Anis Zgaya
  • Anthony Dick
  • Benoit Valleaux
  • Chaima Ferrandon
  • Delphine Brault
  • Emna Ben Bdira
  • Florent Laroche-Joubert
  • Harald Eggeling
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nadine El Ouni
  • Nour El Houda Hammami
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Slim Bouasker
  • Sven Edelfelt
  • Syrine Kabboura
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/11/2020

...

Alain William ...
  • Alfred Glaser
  • Anis Zgaya
  • Anthony Dick
  • Benoit Valleaux
  • Chaima Ferrandon
  • Delphine Brault
  • Emna Ben Bdira
  • Florent Laroche-Joubert
  • Hana Jomni
  • Harald Eggeling
  • Haythem BOHLI
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nadine El Ouni
  • Nour El Houda Hammami
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Slim Bouasker
  • Sven Edelfelt
  • Syrine Kabboura
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 11/09/2020

...

Amira Manai ...
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • Hana Souissi
  • Jeremy Garnier
  • Maissa Keskes
  • Martin Marandon-Carlhian
  • Nada Afli
  • Nadine El Ouni
  • Nicolas David
  • Nicolas Thorez
  • Nour El Houda Hammami
  • Oussema Denguir
  • Roland Pfaender,MBA,CFA,CCRA
  • Salma Bouraoui
  • Slim Bouasker
  • Stephane Houri
  • Thomas Renaud

ODDO BHF Small & MIDCAP MORNING NEWS - 11/09/2020

...

Benoit Valleaux ...
  • Roland Pfaender,MBA,CFA,CCRA

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/01/2020

...

Benoit Valleaux ...
  • Roland Pfaender,MBA,CFA,CCRA

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 01/09/2020

...

Increased risk weighs on ZURICH INSURANCE GROUP, penalising its rating down to Slightly Negative

The independent financial analyst theScreener just lowered the general evaluation of ZURICH INSURANCE GROUP (CH), active in the Full Line Insurance industry. As regards its fundamental valuation, the title still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date October 2, 2020, the closing price was CHF 324.90 and its target price was estimated at CHF 274.80.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the we...

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