Hannover Ruck (OTCMKTS:HVRRY) Releases Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Hannover Ruck (OTCMKTS:HVRRY) issued its earnings results on Monday. The financial services provider reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09, Zacks reports. Hannover Ruck had a return on equity of 18.00% and a net margin of 9.33%.

Hannover Ruck Stock Performance

OTCMKTS HVRRY opened at $54.25 on Monday. The stock has a market cap of $39.25 billion, a PE ratio of 13.43 and a beta of 0.14. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.29. Hannover Ruck has a twelve month low of $43.00 and a twelve month high of $57.38. The stock has a fifty day simple moving average of $50.39 and a 200-day simple moving average of $48.97.

Analysts Set New Price Targets

Separately, Zacks Research raised Hannover Ruck from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 15th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

About Hannover Ruck

Hannover Rück SE, commonly known as Hannover Re, is a Germany-based reinsurance company headquartered in Hannover. Founded in 1966, it provides risk transfer and related services to insurers and other clients around the world.

The company’s main business areas are property and casualty reinsurance and life and health reinsurance. Its offerings include coverage for risks such as natural catastrophes, property damage, liability, mortality and longevity, as well as tailored reinsurance and risk management solutions.

Hannover Re serves clients internationally through a network of subsidiaries and branches.