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

Zurich Insurance Group AG (OTCMKTS:ZFSVFGet Free Report) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $602.97 and traded as low as $583.15. Zurich Insurance Group shares last traded at $595.00, with a volume of 47 shares.

Zurich Insurance Group Trading Down 1.0 %

The company has a 50-day moving average price of $603.00 and a 200-day moving average price of $581.96.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Zurich Insurance Group stock. Bridges Investment Management Inc. boosted its stake in Zurich Insurance Group AG (OTCMKTS:ZFSVFFree Report) by 6.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,678 shares of the company’s stock after acquiring an additional 300 shares during the period. Bridges Investment Management Inc.’s holdings in Zurich Insurance Group were worth $2,494,000 as of its most recent SEC filing. Institutional investors and hedge funds own 30.81% of the company’s stock.

Zurich Insurance Group Company Profile

(Get Free Report)

Zurich Insurance Group AG, together with its subsidiaries, provides insurance products and related services in Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific. The company operates through Property & Casualty Regions, Life Regions, Farmers, Group Functions and Operations, and Non-Core Businesses segments.

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