Is Swiss Re (SWX:SREN) Fully Priced As Jefferies Flags Faster Reinsurance Pricing Weakness?

Jefferies’ downgrade of Swiss Re (SWX:SREN) to Underperform put the reinsurer under closer scrutiny, as the broker flagged faster than expected weakness in reinsurance pricing and trimmed its earnings assumptions. Recent trading has been more resilient than the downgrade might suggest, with Swiss Re’s share price delivering a 30 day return of 6.14% and a year to date share price return of 12.91%. The 3 year total shareholder return of 73.81% and 5 year total shareholder return of 136.40%...