Swiss Re (OTCMKTS:SSREY) Sees Unusually-High Trading Volume – Time to Buy?

Swiss Re Ltd. (OTCMKTS:SSREY) saw an uptick in trading volume on Wednesday . 72,524 shares were traded during trading, an increase of 28% from the previous session’s volume of 56,587 shares.The stock last traded at $41.08 and had previously closed at $40.99.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Morgan Stanley reissued an “underweight” rating on shares of Swiss Re in a research report on Friday, May 8th. Citigroup reiterated a “neutral” rating on shares of Swiss Re in a report on Friday, May 8th. Finally, UBS Group lowered shares of Swiss Re from a “neutral” rating to a “sell” rating in a research report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce”.

Swiss Re Price Performance

The stock has a 50-day moving average of $38.73 and a 200 day moving average of $40.37. The company has a current ratio of 39.12, a quick ratio of 39.12 and a debt-to-equity ratio of 0.32.

About Swiss Re

Swiss Re (OTCMKTS: SSREY) is a global reinsurance company headquartered in Zurich, Switzerland. Founded in 1863, the firm provides risk transfer and insurance solutions to insurers, reinsurers, and large corporations worldwide. Its core activities encompass reinsurance for property & casualty and life & health lines, as well as tailored corporate insurance products designed to protect complex commercial and industrial risks.

Swiss Re’s product offering spans treaty and facultative reinsurance, structured reinsurance solutions, and capital markets–linked risk transfer such as insurance‑linked securities.