Zurich Insurance Group (OTCMKTS:ZURVY) Stock Passes Below 200-Day Moving Average – Time to Sell?

Zurich Insurance Group Ltd. (OTCMKTS:ZURVY) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $35.88 and traded as low as $34.9650. Zurich Insurance Group shares last traded at $35.25, with a volume of 324,910 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Zurich Insurance Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

Zurich Insurance Group Stock Performance

The business has a 50 day moving average price of $36.52 and a two-hundred day moving average price of $35.88.

About Zurich Insurance Group

Zurich Insurance Group is a global insurance company headquartered in Zurich, Switzerland, that provides a broad range of insurance and risk management products to individuals, small and medium-sized enterprises, large corporations and multinational clients. Founded in 1872, the company has grown into one of the world’s major insurers, offering both property & casualty and life insurance solutions alongside related services such as claims management and risk engineering.

Zurich’s core activities include general (non-life) insurance and life insurance products.