Zurich Insurance Group (OTCMKTS:ZURVY) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Zurich Insurance Group AG (OTCMKTS:ZURVY)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $35.76 and traded as low as $29.50. Zurich Insurance Group shares last traded at $29.61, with a volume of 125,483 shares.

Wall Street Analysts Forecast Growth

ZURVY has been the subject of a number of recent analyst reports. UBS Group lowered shares of Zurich Insurance Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 19th. BNP Paribas lowered shares of Zurich Insurance Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 3rd.

Zurich Insurance Group Stock Performance

The business’s 50 day simple moving average is $30.37 and its 200-day simple moving average is $35.76.

About Zurich Insurance Group

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.