Swiss Re (OTCMKTS:SSREY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Thursday, June 21st.
According to Zacks, “Swiss Reinsurance Company Ltd operates as a reinsurance company. The Company offers automobile, liability, accident, engineering, marine, aviation, life, and health insurance. It provides wholesale reinsurance products, insurance-based capital market instruments, and supplementary risk management services to Property & Casualty and Life & Health clients and brokers around the globe. Swiss Reinsurance Company Ltd headquartered in Zurich, Switzerland. “
Other analysts have also issued reports about the company. Barclays reaffirmed a “buy” rating on shares of Swiss Re in a research report on Tuesday, May 8th. Societe Generale raised Swiss Re from a “hold” rating to a “buy” rating in a report on Thursday, March 8th. Keefe, Bruyette & Woods downgraded Swiss Re from a “market perform” rating to a “sell” rating in a research note on Tuesday, March 27th. Finally, Royal Bank of Canada restated a “neutral” rating on shares of Swiss Re in a research note on Friday, May 4th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $28.00.
Shares of Swiss Re opened at $21.91 on Thursday, according to Marketbeat. Swiss Re has a 12 month low of $21.16 and a 12 month high of $26.32. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.30.
About Swiss Re
Swiss Re Ltd, together with its subsidiaries, provides wholesale reinsurance, insurance, and other insurance-based forms of risk transfer worldwide. The company operates through four segments: Property & Casualty Reinsurance, Life & Health Reinsurance, Corporate Solutions, and Life Capital. It underwrites casualty, property and specialty, agriculture, aviation, engineering, marine, life and health, retakaful, solvency II, and facultative reinsurance products, as well as trade credit, surety, and political risk reinsurance; structured reinsurance solutions; and insurance-linked securities.
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