Swiss Re (OTCMKTS:SSREY) Reaches New 1-Year High - Time to Buy?

Swiss Re AG (OTCMKTS:SSREY - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $46.42 and last traded at $45.84, with a volume of 20287 shares changing hands. The stock had previously closed at $45.17.

Analyst Upgrades and Downgrades

Separately, Hsbc Global Res cut Swiss Re from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 22nd. Three analysts have rated the stock with a hold rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Swiss Re currently has a consensus rating of "Buy".

Swiss Re Price Performance

The stock has a 50-day simple moving average of $42.89 and a 200-day simple moving average of $38.88.

Swiss Re Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, April 24th. Shareholders of record on Wednesday, April 16th were issued a dividend of $1.1544 per share. The ex-dividend date of this dividend was Wednesday, April 16th. This is an increase from Swiss Re's previous dividend of $1.00.

About Swiss Re

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.