Swiss Re AG – (SSREY) Stock Rating Lowered by Zacks Investment Research
Swiss Re AG – (NASDAQ: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. “
SSREY has been the topic of several other research reports. Barclays PLC downgraded Swiss Re AG – from an “equal weight” rating to an “underweight” rating in a report on Friday, September 9th. Citigroup Inc. downgraded Swiss Re AG – from a “neutral” rating to a “sell” rating in a report on Thursday, August 18th. Finally, Societe Generale downgraded Swiss Re AG – from a “buy” rating to a “hold” rating in a report on Thursday, September 1st.
Shares of Swiss Re AG – (NASDAQ:SSREY) opened at 22.68 on Friday. The firm has a 50-day moving average price of $21.45 and a 200 day moving average price of $21.97. The firm has a market cap of $30.09 billion and a P/E ratio of 7.96. Swiss Re AG – has a one year low of $20.10 and a one year high of $25.10.
Swiss Re AG – Company Profile
Swiss Re AG is a wholesale provider of reinsurance, insurance and other insurance-based forms of risk transfer. The Company’s clients include insurance companies, mid- to large-sized corporations and public sector clients. Its segments include Property&Casualty Reinsurance, Life&Health Reinsurance, Corporate Solutions and Admin Re.
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