Swiss Life (OTCMKTS:SZLMY) Sees Unusually-High Trading Volume – Here’s Why

Swiss Life Holding AG (OTCMKTS:SZLMY) shares saw an uptick in trading volume on Friday. Approximately 20,019 shares traded hands during trading, an increase of 71% from the previous session’s volume of 11,676 shares. The stock last traded at $54.18 and had previously closed at $54.5850.

Analyst Ratings Changes

A number of research firms recently commented on SZLMY. Zacks Research raised shares of Swiss Life to a “hold” rating in a research note on Thursday, June 25th. Barclays raised shares of Swiss Life to a “strong-buy” rating in a report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Swiss Life presently has a consensus rating of “Moderate Buy”.

Swiss Life Trading Up 1.2%

The stock has a 50-day moving average price of $57.27 and a 200 day moving average price of $56.15.

About Swiss Life

Swiss Life AG is a Switzerland-based insurance and financial services group headquartered in Zurich. Founded in 1857 as Schweizerische Lebensversicherungs- und Rentenanstalt, the company has developed into one of Switzerland’s major providers of insurance, pensions and financial planning services.

Swiss Life offers life insurance, occupational pension solutions, individual retirement products and financial advice for private customers, companies and institutional clients. Its activities also include property and casualty insurance in selected markets, asset management and real estate investment services, as well as advisory services provided through brands such as Swiss Life Select.

The group’s principal markets are Switzerland, France and Germany, while its international corporate solutions business serves multinational companies and internationally mobile employees.