Zurich Insurance Group (OTCMKTS:ZURVY) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Zurich Insurance Group Ltd. (OTCMKTS:ZURVY)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $35.94 and traded as low as $35.53. Zurich Insurance Group shares last traded at $36.00, with a volume of 145,318 shares changing hands.

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 research note on Monday, January 5th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Zurich Insurance Group Price Performance

The company’s 50-day moving average is $36.57 and its 200 day moving average is $35.94.

Zurich Insurance Group Company Profile

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.