Swiss Life (OTCMKTS:SZLMY) Sets New 12-Month High – Here’s Why

Swiss Life Holding AG (OTCMKTS:SZLMY) hit a new 52-week high during trading on Wednesday. The company traded as high as $61.27 and last traded at $60.84, with a volume of 2,752 shares. The stock had previously closed at $59.22.

Wall Street Analyst Weigh In

Separately, Barclays raised shares of Swiss Life to a “strong-buy” rating in a research report on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Swiss Life Trading Up 2.8%

The firm has a fifty day moving average price of $55.84 and a 200-day moving average price of $55.94.

About Swiss Life

Swiss Life is a Switzerland-based insurance and financial services group headquartered in Zurich. Founded in 1857, the company provides insurance, retirement planning and financial advice to individuals, companies and institutional clients.

Its core activities include life insurance, occupational and private pension solutions, disability and income protection, and property and casualty insurance, particularly in Switzerland. Swiss Life also offers financial planning and advisory services through its distribution network, as well as asset management and investment solutions for institutional and private clients.

Swiss Life primarily serves customers in Switzerland, France and Germany, while also providing international insurance and employee-benefits solutions in selected markets.