Swiss Re Ltd. (OTCMKTS:SSREY) Stock Now Rated “Reduce” by Sell-Side Brokerages

Swiss Re Ltd. (OTCMKTS:SSREY) has been assigned a consensus rating of “Reduce” from the nine analysts that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the company.

Separately, Jefferies Financial Group cut Swiss Re from a “hold” rating to a “moderate sell” rating in a report on Wednesday, October 14th.

Swiss Re Trading Down 4.6%

Swiss Re stock opened at $46.24 on Friday. Swiss Re has a 12-month low of $36.01 and a 12-month high of $49.18. The firm has a 50 day simple moving average of $44.04 and a 200-day simple moving average of $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.