Swiss Re (SSREY) Cut to “Sell” at Zacks Investment Research

Swiss Re (OTCMKTS:SSREY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

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. “

Several other equities research analysts have also recently issued reports on the company. Goldman Sachs Group cut Swiss Re from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 31st. Credit Suisse Group raised Swiss Re from an “underperform” rating to a “hold” rating in a research note on Friday, October 27th. ValuEngine cut Swiss Re from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Barclays raised Swiss Re from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, October 25th. Finally, Royal Bank of Canada cut Swiss Re from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, September 20th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. Swiss Re has an average rating of “Hold”.

Shares of Swiss Re (OTCMKTS:SSREY) traded up $0.05 during trading on Friday, reaching $23.56. The company had a trading volume of 19,656 shares, compared to its average volume of 39,430. Swiss Re has a 52-week low of $21.61 and a 52-week high of $24.51. The stock has a market capitalization of $33,529.91, a P/E ratio of 3.73 and a beta of 0.59.

TRADEMARK VIOLATION WARNING: This piece was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this piece can be accessed at

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.

Get a free copy of the Zacks research report on Swiss Re (SSREY)

For more information about research offerings from Zacks Investment Research, visit

Analyst Recommendations for Swiss Re (OTCMKTS:SSREY)

Receive News & Ratings for Swiss Re Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Swiss Re and related companies with's FREE daily email newsletter.

Leave a Reply