Hannover Ruck (OTCMKTS:HVRRY) Upgraded to Hold at Zacks Research

Hannover Ruck (OTCMKTS:HVRRY) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday, Zacks reports.

Hannover Ruck Stock Performance

Shares of OTCMKTS HVRRY opened at $48.72 on Tuesday. The stock’s fifty day simple moving average is $48.63 and its 200 day simple moving average is $48.57. The stock has a market capitalization of $35.25 billion, a price-to-earnings ratio of 12.06 and a beta of 0.19. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.28. Hannover Ruck has a 52-week low of $43.00 and a 52-week high of $55.72.

Hannover Ruck (OTCMKTS:HVRRY) last released its quarterly earnings results on Wednesday, August 12th. The financial services provider reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. The business had revenue of $7.43 billion during the quarter, compared to analyst estimates of $7.23 billion. Hannover Ruck had a return on equity of 18.15% and a net margin of 9.33%. As a group, sell-side analysts forecast that Hannover Ruck will post 4.45 earnings per share for the current fiscal year.

Hannover Ruck Company Profile

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.