In a report released yesterday, Farooq Hanif from Credit Suisse downgraded Swiss Re AG (SSREF) to Hold, with a price target of CHF81.00. The company’s shares closed last Friday at $72.85.
According to TipRanks.com, Hanif is ranked #5153 out of 6938 analysts.
Currently, the analyst consensus on Swiss Re AG is a Moderate Buy with an average price target of $97.25.
See today’s analyst top recommended stocks >>
Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SSREF in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Swiss Re is the second- largest reinsurer in the world. The business offers a wide range of property and casualty reinsurance, as well as life and health. It also has a corporate primary insurance operation. Based in Zurich, Swiss Re operates in over 20 countries.
