Hannover Ruck (OTCMKTS:HVRRY) Sets New 12-Month Low – Time to Sell?

Hannover Ruck SE (OTCMKTS:HVRRY) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as $43.20 and last traded at $43.3250, with a volume of 11556 shares trading hands. The stock had previously closed at $43.31.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank upgraded shares of Hannover Ruck to a “strong-buy” rating in a research note on Tuesday, May 5th. Two equities research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy”.

Hannover Ruck Trading Up 1.5%

The company has a market capitalization of $31.71 billion, a P/E ratio of 10.36 and a beta of 0.20. The business has a 50 day moving average price of $49.39 and a 200 day moving average price of $49.39. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.30.

Hannover Ruck (OTCMKTS:HVRRY) last released 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 the consensus estimate of $8.54 billion. Hannover Ruck had a return on equity of 20.27% and a net margin of 9.84%. Analysts anticipate that Hannover Ruck SE will post 4.67 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.