Swiss Re AG (OTCMKTS:SSREY - Get Free Report) was the recipient of a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 9,500 shares, a drop of 47.5% from the May 15th total of 18,100 shares. Based on an average trading volume of 43,700 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are sold short.
Wall Street Analysts Forecast Growth
SSREY has been the topic of several recent research reports. BNP Paribas cut shares of Swiss Re from a "hold" rating to a "strong sell" rating in a research note on Monday, June 2nd. Barclays lowered shares of Swiss Re from a "hold" rating to a "strong sell" rating in a report on Thursday. Finally, Citigroup reissued a "buy" rating on shares of Swiss Re in a report on Tuesday, May 20th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Swiss Re presently has an average rating of "Hold".
Check Out Our Latest Stock Analysis on SSREY
Swiss Re Stock Performance
Shares of SSREY traded down $0.38 during mid-day trading on Friday, hitting $41.97. 62,353 shares of the company traded hands, compared to its average volume of 28,355. Swiss Re has a 1-year low of $29.00 and a 1-year high of $46.89. The business has a 50 day moving average of $43.98 and a 200 day moving average of $40.63.
Swiss Re Increases Dividend
The firm also recently declared a dividend, which was paid on Thursday, April 24th. Investors of record on Wednesday, April 16th were issued a $1.1544 dividend. The ex-dividend date was Wednesday, April 16th. This is an increase from Swiss Re's previous dividend of $1.00.
About Swiss Re
(
Get Free Report)
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.
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