Swiss Re (SSREY) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Swiss Re (OTCMKTS:SSREY) from a sell rating to a hold rating in a report issued on Tuesday, December 26th.

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. “

A number of other analysts have also recently commented on SSREY. Royal Bank of Canada cut shares of Swiss Re from an outperform rating to a sector perform rating in a research note on Wednesday, September 20th. Barclays upgraded shares of Swiss Re from an equal weight rating to an overweight rating in a research note on Wednesday, October 25th. ValuEngine cut shares of Swiss Re from a buy rating to a hold rating in a research note on Thursday, October 26th. Credit Suisse Group upgraded shares of Swiss Re from an underperform rating to a hold rating in a research note on Friday, October 27th. Finally, Goldman Sachs Group reiterated a neutral rating on shares of Swiss Re in a research note on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of Hold.

Shares of Swiss Re (SSREY) opened at $23.95 on Tuesday. The company has a market cap of $33,976.39, a P/E ratio of 3.79 and a beta of 0.59. Swiss Re has a 52 week low of $21.61 and a 52 week high of $24.51.

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Swiss Re Company Profile

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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