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

Zurich Insurance Group Stock Performance

The firm’s 50 day moving average is $602.97 and its 200-day moving average is $581.02.

Institutional Trading of Zurich Insurance Group

An institutional investor recently raised its position in Zurich Insurance Group stock. Bridges Investment Management Inc. boosted its holdings in shares of Zurich Insurance Group AG (OTCMKTS:ZFSVF) by 6.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,678 shares of the company’s stock after acquiring an additional 300 shares during the period. 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 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.