Hannover Ruck (OTCMKTS:HVRRY) Trading 5.4% Higher – What’s Next?

Shares of Hannover Ruck SE (OTCMKTS:HVRRY) were up 5.4% during trading on Monday . The stock traded as high as $50.77 and last traded at $50.77. Approximately 486 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 22,198 shares. The stock had previously closed at $48.19.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of Hannover Ruck from a “hold” rating to a “strong sell” rating in a report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Hannover Ruck presently has an average rating of “Hold”.

Hannover Ruck Stock Performance

The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.28. The company has a market cap of $35.85 billion, a P/E ratio of 12.26 and a beta of 0.19. The company has a 50 day moving average price of $48.52 and a 200-day moving average price of $48.59.

Hannover Ruck (OTCMKTS:HVRRY) last announced its quarterly earnings data on Wednesday, August 12th. The financial services provider reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. The business had revenue of $7.43 billion during the quarter, compared to the consensus estimate of $7.23 billion. Hannover Ruck had a return on equity of 18.15% and a net margin of 9.33%. On average, equities analysts expect that Hannover Ruck SE will post 4.45 earnings per share for the current fiscal year.

About Hannover Ruck

Hannover Rück SE, also known as Hannover Re, is a Germany-based global reinsurance group headquartered in Hannover. Founded in 1966, the company provides reinsurance solutions to insurance companies and other risk-bearing organizations rather than primarily selling insurance directly to individual consumers.

Hannover Re’s main business is divided into property and casualty reinsurance and life and health reinsurance. Its services include risk transfer, catastrophe coverage, specialty reinsurance, structured solutions and insurance-linked products.