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

Swiss Re Ltd. (OTCMKTS:SSREY) has earned an average recommendation of “Reduce” from the nine ratings firms that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a strong buy recommendation to the company.

Separately, Jefferies Financial Group lowered shares of Swiss Re to an “underperform” rating in a report on Wednesday.

Swiss Re Trading Down 0.8%

Shares of OTCMKTS:SSREY traded down $0.34 during trading on Wednesday, hitting $43.88. The company’s stock had a trading volume of 12,599 shares, compared to its average volume of 51,715. The stock’s 50-day moving average price is $42.89 and its two-hundred day moving average price is $41.07. Swiss Re has a fifty-two week low of $36.01 and a fifty-two week high of $48.62.

About Swiss Re

Swiss Re Ltd. is a global provider of reinsurance, insurance and risk-management services. Through its reinsurance operations, the company helps insurance carriers manage and transfer risks arising from natural catastrophes, property damage, casualty events, accidents, mortality, longevity and other exposures.

Swiss Re’s principal business areas include Property & Casualty Reinsurance, which covers risks related to property, liability and specialty lines, and Life & Health Reinsurance, which supports insurers with mortality, longevity, health and related products.