Zurich Insurance Group AG (OTCMKTS:ZFSVF) Sees Large Drop in Short Interest

Zurich Insurance Group AG (OTCMKTS:ZFSVF) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 317,400 shares, a decrease of 18.4% from the October 15th total of 388,800 shares. Based on an average trading volume of 700 shares, the days-to-cover ratio is presently 453.4 days.

Institutional Investors Weigh In On Zurich Insurance Group

An institutional investor recently raised its position in Zurich Insurance Group stock. Bridges Investment Management Inc. boosted its holdings in Zurich Insurance Group AG (OTCMKTS:ZFSVF) by 6.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,678 shares of the company’s stock after acquiring an additional 300 shares during the quarter. Bridges Investment Management Inc.’s holdings in Zurich Insurance Group were worth $2,494,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 30.81% of the company’s stock.

Zurich Insurance Group Price Performance

Shares of OTCMKTS ZFSVF opened at $583.87 on Friday. The stock has a fifty day moving average price of $595.17 and a 200 day moving average price of $553.18. Zurich Insurance Group has a 1-year low of $477.01 and a 1-year high of $613.87.

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.