Hannover Rück (OTCMKTS:HVRRY) Raised to Buy at Zacks Investment Research


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Zacks Investment Research upgraded shares of Hannover Rück (OTCMKTS:HVRRY) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning, Zacks.com reports. Zacks Investment Research currently has $105.00 price objective on the financial services provider’s stock.

According to Zacks, “Hannover Rueckversicherung AG provides reinsurance services. The Company’s operations are divided into four segments: property and casualty reinsurance, life and health reinsurance, financial reinsurance and specialty insurance. Hannover, through its subsidiaries, transacts all lines of non-life and life/health reinsurance. It offers non-life reinsurance products, including specialty lines comprising aviation and space; credit, surety, and political risks; marine, including offshore energy; and structured reinsurance products, which include insurance-linked securities. Hannover Rueckversicherung AG is based in Hannover, Germany. “

A number of other research firms have also issued reports on HVRRY. JPMorgan Chase & Co. reiterated an overweight rating on shares of Hannover Rück in a research note on Wednesday, March 17th. DZ Bank reissued a buy rating on shares of Hannover Rück in a report on Thursday, March 11th. Deutsche Bank Aktiengesellschaft restated a buy rating on shares of Hannover Rück in a research note on Monday, March 15th. Barclays reiterated an underweight rating on shares of Hannover Rück in a research note on Friday, January 29th. Finally, Societe Generale raised shares of Hannover Rück from a hold rating to a buy rating in a research report on Monday, January 25th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $105.00.

Shares of Hannover Rück stock opened at $93.05 on Wednesday. Hannover Rück has a twelve month low of $70.57 and a twelve month high of $94.90. The stock has a market cap of $22.44 billion, a price-to-earnings ratio of 20.23 and a beta of 0.93. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.30. The company has a fifty day moving average price of $89.73 and a 200 day moving average price of $82.80.

Hannover Rück Company Profile

Hannover Rück SE, together with its subsidiaries, provides reinsurance products and services worldwide. It operates through Property & Casualty Reinsurance, and Life & Health Reinsurance segments. The Property & Casualty Reinsurance segment offers specialty lines comprising marine, aviation, facultative and direct business, credit, surety, and political risks reinsurance products; and treaty, catastrophe XL, and structured reinsurance, as well as insurance-linked securities.

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Analyst Recommendations for Hannover Rück (OTCMKTS:HVRRY)

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