Zacks Investment Research Upgrades Swiss Re (SSREY) to Hold

Swiss Re (OTCMKTS:SSREY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

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 equities analysts have also commented on SSREY. Royal Bank of Canada lowered shares of Swiss Re from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, September 20th. Barclays upgraded shares of Swiss Re from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, October 25th. ValuEngine lowered shares of Swiss Re from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Goldman Sachs Group restated a “neutral” rating on shares of Swiss Re in a research report on Tuesday, October 31st. Finally, Credit Suisse Group upgraded shares of Swiss Re from an “underperform” rating to a “hold” rating in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold”.

Shares of Swiss Re (OTCMKTS:SSREY) opened at $23.27 on Tuesday. The firm has a market cap of $33,349.87, a PE ratio of 3.68 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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