Hannover Ruck (OTCMKTS:HVRRY) Issues Earnings Results

Hannover Ruck (OTCMKTS:HVRRY) released its earnings results on Monday. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09, Zacks reports. The firm had revenue of $7.36 billion during the quarter, compared to analysts’ expectations of $7.28 billion. Hannover Ruck had a return on equity of 18.00% and a net margin of 9.33%.

Hannover Ruck Price Performance

OTCMKTS HVRRY opened at $54.23 on Tuesday. The firm’s 50 day moving average is $50.48 and its 200-day moving average is $49.01. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $39.24 billion, a PE ratio of 13.90 and a beta of 0.14. Hannover Ruck has a 12-month low of $43.00 and a 12-month high of $57.38.

Analyst Ratings Changes

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

Hannover Ruck Company Profile

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.