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UBS has upgraded Swiss Re Ltd from Sell to Buy. As one of the largest reinsurers globally, Swiss Re's gross premiums are distributed across various segments: non-life reinsurance (51.6%), life and health reinsurance (34.7%), financial services (12.6%), and other (1.1%).
UBS has upgraded Swiss Re Ltd from Sell to Buy. As one of the largest reinsurers globally, Swiss Re's gross premiums are distributed across various segments: non-life reinsurance (51.6%), life and health reinsurance (34.7%), financial services (12.6%), and other (1.1%).
Hannover Re's shares surged by 3.5% following an optimistic profit outlook, recovering from a recent decline. The reinsurer anticipates a profit of €2.3 billion for the year, aligning with analyst expectations, while Swiss Re's shares rose after UBS upgraded its rating to buy. CEO Jean-Jacques Henchoz will transition to CFO Clemens Jungsthöfel in April 2025.
UBS has upgraded its recommendation for Swiss Re from 'sell' to 'buy', increasing the price target from 106 to 136 Swiss francs, indicating a 15% upside potential. This change reflects a 10% rise in earnings due to Swiss Re's reserve measures and highlights a total return of 8.5%, with a key catalyst expected on December 13.
UBS has revised its board, as reported by Cercle Finance and published by BOURSORAMA. The analysis is provided for informational purposes only, with BOURSORAMA acting solely as a distribution channel and maintaining a conflict of interest management policy to ensure objectivity. The institution is regulated by the ACPR and AMF, under the supervision of the ECB.
UBS has upgraded its recommendation on Swiss Re from "sell" to "buy", increasing the price target from CHF 106 to CHF 136, indicating a 15% upside potential. The broker highlights a 10% rise in earnings due to Swiss Re"s reserve measures and anticipates a total return of 8.5%, with a key catalyst expected on December 13.
UBS has upgraded its rating for Swiss Re from "Sell" to "Buy," increasing the price target from 106 to 136 francs. Analyst Will Hardcastle cited enhanced confidence and a clear path for share buybacks following a significant provision in the USA, with new earnings estimates for 2025/26 exceeding consensus by about ten percent.
UBS has upgraded its rating for Swiss Re from "sell" to "buy," increasing the price target from 106 to 136 francs. Analyst Will Hardcastle cited enhanced confidence and a clear path for share buybacks following a significant provision in the USA, with new earnings estimates for 2025/26 exceeding consensus by about ten percent.
The SMI is up, driven by demand for Richemont and Swiss Re, while Lem shares have plummeted. Bitcoin continues its record chase, but China's latest economic measures and disappointing inflation figures raise concerns about the recovery of the world's second-largest economy. As Singles' Day begins, it will be a key indicator of consumer sentiment in China.
UBS has upgraded Swiss Re's investment recommendation from "Sell" to "Buy," citing improved confidence following a USD 2.4 billion increase in reserves. This move is expected to enhance earnings for 2025 and beyond, reduce the cost of equity, and facilitate a sustainable share buyback strategy.
Swiss Re AG
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs upgrades swiss re to buy reflecting strong reinsurance performance
14:05 11.11.2024
ubs upgrades swiss re to buy reflecting strong reinsurance market position
14:05 11.11.2024
Hannover Re raises profit outlook as Swiss Re receives UBS upgrade
Euro
United States Dollar
Hannover Rück SE
Swiss Re AG
Munich Re Markets GmbH
DEU
Jean-Jacques Henchoz
Will Hardcastle
Clemens Jungsthöfel
Thorsten Wenzel
Derald Goh
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