Zurich Insurance Group (OTCMKTS:ZFSVF) Shares Up 3.5% – Here’s What Happened

Shares of Zurich Insurance Group AG (OTCMKTS:ZFSVF) traded up 3.5% during mid-day trading on Thursday . The company traded as high as $720.50 and last traded at $720.50. 35 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 438 shares. The stock had previously closed at $696.04.

Zurich Insurance Group Stock Up 3.5%

The company’s 50 day simple moving average is $703.75 and its 200 day simple moving average is $715.38.

Institutional Investors 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 Zurich Insurance Group AG (OTCMKTS:ZFSVF) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 278 shares of the company’s stock, valued at approximately $198,000. 30.81% of the stock is owned by institutional investors and hedge funds.

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.