Zacks Investment Research downgraded shares of Swiss Re Ltd. (OTCMKTS:SSREY) from a hold rating to a sell rating in a research report sent 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. “
Shares of Swiss Re (OTCMKTS SSREY) opened at 22.31 on Tuesday. The company has a 50 day moving average of $22.93 and a 200 day moving average of $22.72. Swiss Re has a 1-year low of $21.53 and a 1-year high of $24.51. The company has a market cap of $28.70 billion, a PE ratio of 10.91 and a beta of 0.55.
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About Swiss Re
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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