Swiss Re (OTCMKTS:SSREY) Sets New 12-Month High – Still a Buy?

Swiss Re Ltd. (OTCMKTS:SSREY)’s share price reached a new 52-week high during trading on Thursday. The company traded as high as $48.66 and last traded at $48.64, with a volume of 1,508 shares. The stock had previously closed at $48.08.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group cut Swiss Re from a “hold” rating to a “moderate sell” rating in a report on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce”.

Swiss Re Stock Up 2.1%

The stock has a 50 day simple moving average of $43.89 and a 200-day simple moving average of $41.49.

About Swiss Re

Swiss Re Ltd. is a global reinsurance and commercial insurance company headquartered in Zurich, Switzerland. The company helps insurers, businesses and public-sector organizations manage and transfer risks arising from natural disasters, climate change, health events, liability claims and other exposures.

Swiss Re’s principal activities include Property & Casualty Reinsurance and Life & Health Reinsurance. Through these businesses, it provides insurers with coverage, risk-management expertise and related services across areas such as catastrophe risk, specialty insurance, mortality, longevity and health.