Zurich Insurance Group (OTCMKTS:ZFSVF) Stock Price Passes Below 50-Day Moving Average – Time to Sell?

Zurich Insurance Group AG (OTCMKTS:ZFSVF) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $733.05 and traded as low as $730.02. Zurich Insurance Group shares last traded at $730.02, with a volume of 534 shares.

Zurich Insurance Group Price Performance

The company has a 50 day simple moving average of $733.30 and a two-hundred day simple moving average of $723.26.

Institutional Trading of Zurich Insurance Group

A hedge fund recently bought a new stake in Zurich Insurance Group stock. Saranac Partners Ltd purchased a new stake in Zurich Insurance Group AG (OTCMKTS:ZFSVF) during the third quarter, according to its most recent filing with the SEC. The fund purchased 278 shares of the company’s stock, valued at approximately $198,000. 30.81% of the stock is owned by institutional investors and hedge funds.

About Zurich Insurance Group

Zurich Insurance Group is a global insurance company headquartered in Zurich, Switzerland. Established in 1872, the company has evolved into one of the world’s leading multi-line insurers, offering a broad range of general and life insurance products. With a long-standing reputation for financial strength and expertise in risk management, Zurich serves a diverse client base that includes retail customers, small-to-medium enterprises and large multinational corporations.

The company’s core business activities are divided into two main segments: General Insurance and Life Insurance & Farmers.