Swiss Re (OTCMKTS:SSREY) Stock Crosses Below 50 Day Moving Average – Here’s Why

Shares of Swiss Re AG (OTCMKTS:SSREY) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $40.67 and traded as low as $38.53. Swiss Re shares last traded at $41.50, with a volume of 48,126 shares.

Analysts Set New Price Targets

Several analysts have recently commented on the company. The Goldman Sachs Group upgraded Swiss Re from a “strong sell” rating to a “hold” rating in a report on Friday, December 13th. Hsbc Global Res cut Swiss Re from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 22nd. Three research analysts have rated the stock with a hold rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Swiss Re has an average rating of “Buy”.

Swiss Re Stock Up 5.5 %

The firm has a fifty day moving average of $40.67 and a 200-day moving average of $37.26.

Swiss Re Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, April 24th. Investors of record on Wednesday, April 16th will be issued a $1.1544 dividend. This is a boost from Swiss Re’s previous dividend of $1.00. The ex-dividend date of this dividend is Wednesday, April 16th.

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.