Swiss Re Ltd. (OTC:SSREY) – Analysts at Jefferies Group decreased their FY2017 earnings estimates for shares of Swiss Re in a report issued on Monday, according to Zacks Investment Research. Jefferies Group analyst P. Kett now expects that the company will earn ($0.15) per share for the year, down from their previous estimate of $1.85.
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Several other equities research analysts also recently weighed in on the stock. Royal Bank of Canada downgraded shares of Swiss Re from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, September 20th. Goldman Sachs Group, Inc. (The) downgraded shares of Swiss Re from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 31st.
Shares of Swiss Re (OTC:SSREY) traded down $0.19 during mid-day trading on Wednesday, reaching $23.29. 20,929 shares of the company traded hands, compared to its average volume of 39,506. The stock has a market capitalization of $32,820.00, a price-to-earnings ratio of 3.72 and a beta of 0.64. Swiss Re has a 12 month low of $21.61 and a 12 month high of $24.51.
About Swiss Re
Swiss Re AG is a wholesale provider of reinsurance, insurance and other insurance-based forms of risk transfer. The Company operates in four segments: Property&Casualty Reinsurance, Life&Health Reinsurance, Corporate Solutions and Life Capital. Its Reinsurance Unit provides premiums and fee income through Property&Casualty and Life&Health segments.
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