Swiss Re (OTCMKTS:SSREY) Stock Price Crosses Below 50-Day Moving Average - Here's Why

Swiss Re AG (OTCMKTS:SSREY - Get Free Report)'s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $43.93 and traded as low as $42.25. Swiss Re shares last traded at $42.35, with a volume of 72,592 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SSREY shares. BNP Paribas lowered shares of Swiss Re from a "hold" rating to a "strong sell" rating in a report on Monday, June 2nd. Citigroup reissued a "buy" rating on shares of Swiss Re in a research note on Tuesday, May 20th. Finally, Barclays lowered shares of Swiss Re from a "hold" rating to a "strong sell" rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold".

Swiss Re Stock Down 1.0%

The stock's fifty day simple moving average is $44.02 and its 200 day simple moving average is $40.69.

Swiss Re Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, April 24th. Stockholders of record on Wednesday, April 16th were paid a $1.1544 dividend. This is a boost from Swiss Re's previous dividend of $1.00. The ex-dividend date was Wednesday, April 16th.

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.