Morgan Stanley downgraded shares of Swiss Re AG – (OTCMKTS:SSREY) from an overweight rating to an equal weight rating in a research note issued to investors on Wednesday morning, The Fly reports.

A number of other research analysts have also issued reports on SSREY. JPMorgan Chase & Co. upgraded Swiss Re AG – from an underweight rating to a neutral rating in a research report on Wednesday, September 30th. DZ Bank AG reissued a buy rating on shares of Swiss Re AG – in a research note on Thursday, October 29th. Goldman Sachs downgraded Swiss Re AG – from a buy rating to a neutral rating in a research note on Monday, November 9th. Finally, Jefferies Group raised Swiss Re AG – from a hold rating to a buy rating in a research note on Thursday, December 17th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $24.00.

Shares of Swiss Re AG – (OTCMKTS:SSREY) opened at 23.20 on Wednesday. The stock has a market capitalization of $31.76 billion and a price-to-earnings ratio of 8.90. Swiss Re AG – has a 52 week low of $20.85 and a 52 week high of $25.10. The stock’s 50 day moving average is $23.85 and its 200-day moving average is $22.92.

Swiss Re (OTCMKTS:SSREY), is a diversified global re/insurer. The Company is a wholesale provider of reinsurance, insurance and other insurance-based forms of risk transfer. Dealing direct and working through brokers, its global client base consists of insurance companies, mid-to-large-sized corporations and public sector clients. The three distinct Business Units of the Swiss Re Group are: Reinsurance, Corporate Solutions and Admin Re. Reinsurance is Swiss Re’s largest business in terms of income, providing about 85% of gross premiums and fee income through two segments, Property & Casualty and Life & Health. Corporate Solutions serves mid-sized and large corporations, with product offerings ranging from traditional property and casualty insurance to highly customized solutions. Admin Re provides risk and capital management solutions by which Swiss Re acquires closed books of in-force life and health insurance business.

The Fly

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