Zurich Insurance Group (OTCMKTS:ZFSVF) Stock Price Up 3.5% – Still a Buy?

Shares of Zurich Insurance Group AG (OTCMKTS:ZFSVF) rose 3.5% during trading on Thursday . The stock traded as high as $720.50 and last traded at $720.50. Approximately 35 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 438 shares. The stock had previously closed at $696.04.

Zurich Insurance Group Price Performance

The firm’s 50 day simple moving average is $703.11 and its 200-day simple moving average is $715.29.

Hedge Funds Weigh In On Zurich Insurance Group

A hedge fund recently bought a new stake in Zurich Insurance Group stock. Saranac Partners Ltd acquired a new stake in Zurich Insurance Group AG (OTCMKTS:ZFSVF) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 278 shares of the company’s stock, valued at approximately $198,000. Institutional investors own 30.81% of the company’s stock.

About Zurich Insurance Group

Zurich Insurance Group is a global insurance company headquartered in Zurich, Switzerland. Established in 1872, the company has evolved into one of the world’s leading multi-line insurers, offering a broad range of general and life insurance products. With a long-standing reputation for financial strength and expertise in risk management, Zurich serves a diverse client base that includes retail customers, small-to-medium enterprises and large multinational corporations.

The company’s core business activities are divided into two main segments: General Insurance and Life Insurance & Farmers.