Zurich Insurance Group (OTCMKTS:ZURVY) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Zurich Insurance Group Ltd. (OTCMKTS:ZURVY) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $35.88 and traded as low as $34.9650. Zurich Insurance Group shares last traded at $35.25, with a volume of 324,910 shares.

Analysts Set New Price Targets

Separately, Zacks Research raised Zurich Insurance Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Zurich Insurance Group presently has an average rating of “Reduce”.

Zurich Insurance Group Stock Performance

The company has a 50 day simple moving average of $36.52 and a 200-day simple moving average of $35.88.

Zurich Insurance Group Company Profile

Zurich Insurance Group is a global insurance company headquartered in Zurich, Switzerland, that provides a broad range of insurance and risk management products to individuals, small and medium-sized enterprises, large corporations and multinational clients. Founded in 1872, the company has grown into one of the world’s major insurers, offering both property & casualty and life insurance solutions alongside related services such as claims management and risk engineering.

Zurich’s core activities include general (non-life) insurance and life insurance products.