Zurich Insurance Group (OTCMKTS:ZFSVF) Stock Price Passes Below 50-Day Moving Average – Should You Sell?

Shares of 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 $602.97 and traded as low as $583.15. Zurich Insurance Group shares last traded at $595.00, with a volume of 47 shares.

Zurich Insurance Group Stock Up 1.4 %

The firm’s fifty day moving average price is $602.97 and its 200 day moving average price is $581.02.

Hedge Funds Weigh In On Zurich Insurance Group

An institutional investor recently raised its position in Zurich Insurance Group stock. Bridges Investment Management Inc. lifted its stake in Zurich Insurance Group AG (OTCMKTS:ZFSVF) by 6.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund 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 at the end of the most recent reporting period. Institutional investors and hedge funds own 30.81% of the company’s stock.

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.