Zurich Insurance Group (OTCMKTS:ZFSVF) Stock Passes Below Fifty Day Moving Average – Time to Sell?

Zurich Insurance Group AG (OTCMKTS:ZFSVF) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $602.97 and traded as low as $583.15. Zurich Insurance Group shares last traded at $595.00, with a volume of 47 shares changing hands.

Zurich Insurance Group Stock Performance

The stock’s 50 day simple moving average is $603.00 and its 200-day simple moving average is $581.96.

Institutional Investors Weigh In On Zurich Insurance Group

A hedge fund recently raised its stake in Zurich Insurance Group stock. Bridges Investment Management Inc. lifted its stake in shares of Zurich Insurance Group AG (OTCMKTS:ZFSVF) by 6.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,678 shares of the company’s stock after acquiring an additional 300 shares during the quarter. Bridges Investment Management Inc.’s holdings in Zurich Insurance Group were worth $2,494,000 as of its most recent filing with the Securities and Exchange Commission. 30.81% of the stock is owned by institutional investors and hedge funds.

Zurich Insurance Group Company Profile

Zurich Insurance Group AG, together with its subsidiaries, provides insurance products and related services in Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific. The company operates through Property & Casualty Regions, Life Regions, Farmers, Group Functions and Operations, and Non-Core Businesses segments.