Zurich Insurance Group (OTCMKTS:ZURVY) Shares Cross Below 200-Day Moving Average – Time to Sell?

Zurich Insurance Group AG (OTCMKTS:ZURVY)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $39.29 and traded as low as $29.39. Zurich Insurance Group shares last traded at $29.85, with a volume of 147,489 shares traded.

Analysts Set New Price Targets

Several analysts have issued reports on ZURVY shares. BNP Paribas lowered shares of Zurich Insurance Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 3rd. UBS Group cut Zurich Insurance Group from a “hold” rating to a “strong sell” rating in a report on Thursday. Finally, The Goldman Sachs Group upgraded Zurich Insurance Group to a “hold” rating in a research report on Wednesday, September 18th.

Zurich Insurance Group Price Performance

The business’s fifty day simple moving average is $30.44 and its 200-day simple moving average is $39.19.

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.