SWISS RE Ltd/S (SSREY) Rating Increased to Hold at Zacks Investment Research
SWISS RE Ltd/S (OTCMKTS:SSREY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Saturday.
According to Zacks, “Swiss Reinsurance Company Ltd operates as a reinsurance company. The Company offers automobile, liability, accident, engineering, marine, aviation, life, and health insurance. It provides wholesale reinsurance products, insurance-based capital market instruments, and supplementary risk management services to Property & Casualty and Life & Health clients and brokers around the globe. Swiss Reinsurance Company Ltd headquartered in Zurich, Switzerland. “
SSREY has been the subject of several other reports. Royal Bank of Canada reaffirmed a “neutral” rating on shares of SWISS RE Ltd/S in a report on Friday, May 4th. Barclays reaffirmed a “buy” rating on shares of SWISS RE Ltd/S in a report on Tuesday, May 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $28.00.
SWISS RE Ltd/S Company Profile
Swiss Re Ltd, together with its subsidiaries, provides wholesale reinsurance, insurance, and other insurance-based forms of risk transfer worldwide. The company operates through four segments: Property & Casualty Reinsurance, Life & Health Reinsurance, Corporate Solutions, and Life Capital. It underwrites casualty, property and specialty, agriculture, aviation, engineering, marine, life and health, retakaful, solvency II, and facultative reinsurance products, as well as trade credit, surety, and political risk reinsurance; structured reinsurance solutions; and insurance-linked securities.
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