Swiss Re (OTCMKTS:SSREY) Hits New 1-Year High – What’s Next?

Swiss Re Ltd. (OTCMKTS:SSREY)’s share price reached a new 52-week high during trading on Thursday. The stock traded as high as $48.66 and last traded at $48.64, with a volume of 1,508 shares trading hands. The stock had previously closed at $48.08.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group cut Swiss Re from a “hold” rating to a “moderate sell” rating in a report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, Swiss Re presently has a consensus rating of “Reduce”.

Swiss Re Stock Down 4.6%

The business’s 50 day simple moving average is $44.04 and its two-hundred day simple moving average is $41.57.

About Swiss Re

Swiss Re is a global reinsurance company headquartered in Zurich, Switzerland. Founded in 1863, it provides risk-transfer and risk-management services to insurance companies, businesses and public-sector organizations.

The company’s principal activities include property and casualty reinsurance, life and health reinsurance, and commercial insurance through its Corporate Solutions business. Its offerings help clients manage risks ranging from natural catastrophes and large commercial losses to mortality, health and longevity risks.

Swiss Re serves clients around the world, with operations spanning major insurance markets across the Americas, Europe, the Middle East, Africa and Asia-Pacific.