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

Zurich Insurance Group AG (OTCMKTS:ZFSVF)’s stock price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $734.64 and traded as low as $719.27. Zurich Insurance Group shares last traded at $760.50, with a volume of 34 shares changing hands.

Zurich Insurance Group Stock Up 5.7%

The business’s 50-day moving average price is $734.64 and its 200-day moving average price is $724.71.

Hedge Funds Weigh In On Zurich Insurance Group

A hedge fund recently bought a new stake in Zurich Insurance Group stock. Saranac Partners Ltd acquired a new stake in shares of Zurich Insurance Group AG (OTCMKTS:ZFSVF) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 278 shares of the company’s stock, valued at approximately $198,000. 30.81% of the stock is currently owned by institutional investors.

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.