Jefferies Group Brokers Lower Earnings Estimates for Swiss Re Ltd. (SSREY)
Swiss Re Ltd. (OTC:SSREY) – Equities research analysts at Jefferies Group dropped their FY2018 earnings per share estimates for shares of Swiss Re in a research note issued on Monday. Jefferies Group analyst P. Kett now anticipates that the company will earn $2.05 per share for the year, down from their previous forecast of $2.13. Jefferies Group also issued estimates for Swiss Re’s FY2019 earnings at $2.18 EPS.
Separately, Royal Bank Of Canada lowered shares of Swiss Re from an “outperform” rating to a “sector perform” rating in a report on Wednesday, September 20th.
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Swiss Re (OTC SSREY) traded down 1.25% during trading on Tuesday, hitting $23.00. The stock had a trading volume of 22,546 shares. The stock has a market cap of $29.59 billion, a price-to-earnings ratio of 11.25 and a beta of 0.54. The firm has a 50 day moving average of $22.56 and a 200-day moving average of $22.77. Swiss Re has a 12 month low of $21.61 and a 12 month high of $24.51.
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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