Swiss Re (OTCMKTS:SSREY) Reaches New 1-Year High – Here’s Why

Swiss Re AG (OTCMKTS:SSREY) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $44.16 and last traded at $43.62, with a volume of 59617 shares trading hands. The stock had previously closed at $43.04.

Analyst Upgrades and Downgrades

Separately, Hsbc Global Res lowered Swiss Re from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. Three research analysts have rated the stock with a hold rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy”.

Swiss Re Trading Up 1.3 %

The stock’s fifty day moving average price is $40.85 and its 200 day moving average price is $37.39.

Swiss Re Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, April 24th. Stockholders of record on Wednesday, April 16th will be given a $1.1544 dividend. The ex-dividend date is Wednesday, April 16th. This is a positive change from Swiss Re’s previous dividend of $1.00.

Swiss Re Company Profile

Swiss Re AG, together with its subsidiaries, provides wholesale reinsurance, insurance, other insurance-based forms of risk transfer, and other insurance-related services worldwide. The company operates through three segments: Property & Casualty Reinsurance, Life & Health Reinsurance, and Corporate Solutions.