Jefferies Financial Group Research Analysts Increase Earnings Estimates for Swiss Re AG (OTCMKTS:SSREY)

Swiss Re AG (OTCMKTS:SSREY – Get Rating) – Analysts at Jefferies Financial Group lifted their FY2022 earnings per share estimates for shares of Swiss Re in a research note issued to investors on Tuesday, August 2nd. Jefferies Financial Group analyst P. Kett now anticipates that the financial services provider will earn $1.08 per share for the year, up from their prior estimate of $0.96. The consensus estimate for Swiss Re’s current full-year earnings is $1.28 per share. Jefferies Financial Group also issued estimates for Swiss Re’s FY2023 earnings at $3.05 EPS.

SSREY has been the subject of a number of other research reports. HSBC lowered Swiss Re from a “buy” rating to a “hold” rating in a research report on Tuesday, June 14th. Societe Generale decreased their target price on Swiss Re from CHF 98 to CHF 87 in a research report on Monday, July 25th. Royal Bank of Canada began coverage on Swiss Re in a research report on Wednesday, July 6th. They issued a “sector perform” rating for the company. DZ Bank raised Swiss Re from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. decreased their target price on Swiss Re from CHF 105 to CHF 100 in a research report on Thursday, April 14th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $90.86.

Swiss Re Stock Down 0.2 %

Shares of SSREY stock opened at $18.93 on Thursday. Swiss Re has a 1-year low of $18.00 and a 1-year high of $27.75. The business has a 50-day moving average of $19.19 and a 200 day moving average of $21.91. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.27 and a current ratio of 0.27.

About Swiss Re

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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 Property & Casualty Reinsurance, Life & Health Reinsurance, and Corporate Solutions.