Hannover Ruck (OTCMKTS:HVRRY) Shares Gap Up – Should You Buy?

Hannover Ruck SE (OTCMKTS:HVRRY) shares gapped up before the market opened on Thursday. The stock had previously closed at $50.3180, but opened at $52.5550. Hannover Ruck shares last traded at $52.5550, with a volume of 943 shares changing hands.

Wall Street Analysts Forecast Growth

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

Hannover Ruck Stock Down 0.4%

The firm has a market cap of $37.09 billion, a P/E ratio of 12.69 and a beta of 0.17. The firm’s 50 day moving average is $49.08 and its two-hundred day moving average is $48.49. 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 (OTCMKTS:HVRRY) last issued its quarterly earnings data on Wednesday, August 12th. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.06. Hannover Ruck had a return on equity of 18.00% and a net margin of 9.33%. The business had revenue of $7.43 billion during the quarter, compared to analyst estimates of $7.23 billion. As a group, research analysts anticipate that Hannover Ruck SE will post 4.45 EPS for the current fiscal year.

About Hannover Ruck

Hannover Rück SE, known in English as Hannover Re, is a Germany-based global reinsurance company. It provides reinsurance solutions that help insurance companies manage and transfer risk, supporting clients across property and casualty, life and health insurance markets.

Its property and casualty activities include treaty and facultative reinsurance for areas such as natural catastrophes, property, casualty, specialty risks, marine, aviation, credit and surety. In life and health reinsurance, Hannover Re offers solutions related to mortality, longevity, annuities, health coverage and medical risk.