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.

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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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