Migdal Insurance and Financial Holdings Ltd traded at 1,999.00 this Friday May 15th, decreasing 66.00 or 3.20 percent since the previous trading session. Looking back, over the last four weeks, Migdal Insurance and Financial Holdings lost 5.54 percent. Over the last 12 months, its price rose by 178.41 percent. Looking ahead, we forecast Migdal Insurance and Financial Holdings Ltd to be priced at 1,940.23 by the end of this quarter and at 1,774.08 in one year, according to Trading Economics global macro models projections and analysts expectations.
Migdal Insurance and Financial Holdings Ltd is an Israel-based insurance company. The Company insures private and corporate clients with a range of products, services and insurance solutions. The Company offers life assurance, provident funds management, pension funds management, general insurance and health insurance. It is also engaged in various general insurances, such as motorcar insurance, homeowners and personal accidents and corporate insurance for businesses. In addition, the Corporate Risk Districts segment targets solutions such as professional liability insurance, doctrinal and organizational liability, as well as property, third-party and employers liability. Along with these activities, the Company is also involved in the financial services and financial assets management sector. On October 29, 2012, Eliahu Insurance Company Ltd acquired 69.13% stake in the Company.