Swiss Re (OTCMKTS:SSREY) Shares Up 2.8% - Still a Buy?

Key Points

• Shares of Swiss Re rose 2.8% to $47.73, despite a 21% decline in trading volume compared to the average.
• Analysts have mixed ratings on Swiss Re, with Barclays downgrading the stock from "hold" to "strong sell," while the consensus rating remains at "hold."
• Swiss Re operates in three segments: Property & Casualty Reinsurance, Life & Health Reinsurance, and Corporate Solutions.

Shares of Swiss Re Ltd. (OTCMKTS:SSREY - Get Free Report) rose 2.8% during trading on Monday . The company traded as high as $47.75 and last traded at $47.73. Approximately 18,881 shares were traded during trading, a decline of 21% from the average daily volume of 23,866 shares. The stock had previously closed at $46.45.

Analysts Set New Price Targets

Separately, Barclays lowered shares of Swiss Re from a "hold" rating to a "strong sell" rating in a research note on Thursday, June 12th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Swiss Re has a consensus rating of "Hold".

Swiss Re Trading Up 2.8%

The stock's fifty day moving average is $45.35 and its two-hundred day moving average is $44.24.

Swiss Re Company Profile

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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