Hannover Ruck (OTCMKTS:HVRRY) Lowered to Strong Sell Rating by Zacks Research

Hannover Ruck (OTCMKTS:HVRRY) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Monday,Zacks.com reports.

Separately, Berenberg Bank raised Hannover Ruck to a “strong-buy” rating in a research note on Tuesday, May 5th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Hannover Ruck Trading Down 0.6%

HVRRY opened at $44.63 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.07 and a quick ratio of 0.06. The business has a 50 day simple moving average of $47.77 and a two-hundred day simple moving average of $49.03. The firm has a market capitalization of $32.29 billion, a price-to-earnings ratio of 10.55 and a beta of 0.20. Hannover Ruck has a one year low of $43.00 and a one year high of $55.72.

Hannover Ruck (OTCMKTS:HVRRY) last released its quarterly earnings results on Monday, May 11th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.40). Hannover Ruck had a return on equity of 19.51% and a net margin of 9.84%.The company had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.54 billion. Analysts predict that Hannover Ruck will post 4.46 EPS for the current year.

Hannover Ruck Company Profile

Hannover Rück (OTCMKTS: HVRRY), commonly known as Hannover Re, is a global reinsurance group headquartered in Hannover, Germany. The company underwrites treaty and facultative reinsurance across a broad spectrum of risks, including property & casualty and life & health lines. Its product suite encompasses traditional proportional and non‑proportional treaty contracts, facultative placements, structured reinsurance, retrocession, and capital market–linked solutions such as insurance‑linked securities, tailored to transfer and manage insurance risk for primary insurers and other reinsurers.

Founded in the 1960s, Hannover Re has developed into one of the major international reinsurers, building a presence across Europe, the Americas, Asia‑Pacific and other global markets.