Hannover Ruck (OTCMKTS:HVRRY) Sees Strong Trading Volume – Still a Buy?

Shares of Hannover Ruck SE (OTCMKTS:HVRRY) saw unusually-high trading volume on Wednesday . 64,252 shares were traded during trading, an increase of 154% from the previous session’s volume of 25,344 shares.The stock last traded at $46.1190 and had previously closed at $46.16.

Analyst Upgrades and Downgrades

HVRRY has been the subject of a number of research analyst reports. Berenberg Bank raised Hannover Ruck to a “strong-buy” rating in a research note on Tuesday, May 5th. Zacks Research cut Hannover Ruck from a “hold” rating to a “strong sell” rating in a report on Monday, June 22nd. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Hannover Ruck Price Performance

The company has a 50 day simple moving average of $46.92 and a 200-day simple moving average of $48.90. The stock has a market cap of $33.45 billion, a price-to-earnings ratio of 10.93 and a beta of 0.20. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.28.

Hannover Ruck (OTCMKTS:HVRRY) last posted its quarterly earnings data on Monday, May 11th. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.40). The firm had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.54 billion. Hannover Ruck had a return on equity of 19.51% and a net margin of 9.84%. Research analysts expect that Hannover Ruck SE 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.