Zurich Insurance Group (OTCMKTS:ZURVY) Stock Price Passes Below 200 Day Moving Average of $45.59

Zurich Insurance Group AG (OTCMKTS:ZURVY – Get Rating) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $45.59 and traded as low as $42.96. Zurich Insurance Group shares last traded at $43.36, with a volume of 70,070 shares changing hands.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut shares of Zurich Insurance Group from an “overweight” rating to an “underweight” rating in a report on Friday, March 3rd. Barclays cut their price target on shares of Zurich Insurance Group from CHF 532 to CHF 520 and set an “overweight” rating on the stock in a report on Tuesday, November 22nd. Bank of America cut shares of Zurich Insurance Group from a “buy” rating to a “neutral” rating in a report on Tuesday, December 6th. BNP Paribas cut shares of Zurich Insurance Group from an “outperform” rating to a “neutral” rating in a report on Thursday, January 5th. Finally, Societe Generale cut shares of Zurich Insurance Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 17th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Zurich Insurance Group currently has a consensus rating of “Hold” and an average price target of $522.50.

Zurich Insurance Group Stock Performance

The stock’s fifty day moving average is $47.60 and its two-hundred day moving average is $45.59.

About Zurich Insurance Group

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Zurich Insurance Group AG is a holding company, which engages in the provision of insurance products and related services. It operates through the following segments: Property and Casualty Regions, Life Regions, Farmers, Group Functions and Operations, and Non-Core Businesses. The Property and Casualty Regions segment provides motor, home and commercial products and services for individuals, as well as small and large businesses on both a local and global basis.