Hannover Ruck (OTCMKTS:HVRRY) Sets New 52-Week Low – Here’s Why

Hannover Ruck SE (OTCMKTS:HVRRY)’s stock price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $45.3750 and last traded at $45.4933, with a volume of 23708 shares trading hands. The stock had previously closed at $46.52.

Analysts Set New Price Targets

Separately, Berenberg Bank upgraded Hannover Ruck to a “strong-buy” rating in a report on Tuesday, May 5th. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Hannover Ruck currently has an average rating of “Buy”.

Hannover Ruck Stock Down 1.5%

The firm’s 50-day moving average price is $50.28 and its two-hundred day moving average price is $49.71. The firm has a market cap of $32.53 billion, a PE ratio of 10.63 and a beta of 0.23. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.06 and a current ratio of 0.06.

Hannover Ruck (OTCMKTS:HVRRY) last issued 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 business had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.54 billion. Hannover Ruck had a net margin of 9.84% and a return on equity of 20.27%. As a group, equities research analysts expect that Hannover Ruck SE will post 4.67 EPS for the current fiscal 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.