Zurich Insurance Group (OTCMKTS:ZURVY) Shares Gap Down – Here’s Why

Zurich Insurance Group Ltd. (OTCMKTS:ZURVY) gapped down before the market opened on Monday . The stock had previously closed at $38.05, but opened at $36.95. Zurich Insurance Group shares last traded at $37.5199, with a volume of 21,834 shares traded.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered shares of Zurich Insurance Group from a “hold” rating to a “strong sell” rating in a report on Friday, December 5th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Zurich Insurance Group has a consensus rating of “Sell”.

Zurich Insurance Group Stock Performance

The business has a 50-day moving average price of $36.28 and a 200-day moving average price of $35.73.

About Zurich Insurance Group

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.