Zurich Insurance Group (OTCMKTS:ZFSVF) Stock Price Passes Below Fifty Day Moving Average – Here’s Why

Zurich Insurance Group AG (OTCMKTS:ZFSVF) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $733.05 and traded as low as $730.02. Zurich Insurance Group shares last traded at $730.02, with a volume of 534 shares traded.

Zurich Insurance Group Stock Up 0.7%

The business has a fifty day moving average of $733.05 and a 200 day moving average of $722.89.

Institutional Trading of Zurich Insurance Group

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