Zurich Insurance Group (OTCMKTS:ZFSVF) Shares Pass Below Fifty Day Moving Average – Here’s Why

Zurich Insurance Group AG (OTCMKTS:ZFSVF)’s share 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 stock’s fifty day moving average is $734.64 and its 200-day moving average is $724.71.

Institutional Investors Weigh In On Zurich Insurance Group

A hedge fund recently bought a new stake in Zurich Insurance Group stock. Saranac Partners Ltd bought a new position in shares of Zurich Insurance Group AG (OTCMKTS:ZFSVF) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 278 shares of the company’s stock, valued at approximately $198,000. Institutional investors and hedge funds own 30.81% of the company’s stock.

Zurich Insurance Group Company Profile

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.