Zacks Investment Research upgraded shares of SWISS RE Ltd/S (OTCMKTS:SSREY) from a hold rating to a buy rating in a research note issued to investors on Wednesday. They currently have $25.00 price objective on the financial services provider’s stock.
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. “
Shares of SWISS RE Ltd/S stock opened at $22.92 on Wednesday. SWISS RE Ltd/S has a 1 year low of $21.16 and a 1 year high of $26.32. The company has a market cap of $32.20 billion, a price-to-earnings ratio of 88.15 and a beta of 0.41.
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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