Hannover Ruck (OTCMKTS:HVRRY) Stock Price Down 7% After Earnings Miss

Shares of Hannover Ruck SE (OTCMKTS:HVRRY) were down 7% during trading on Monday following a weaker than expected earnings announcement. The company traded as low as $46.82 and last traded at $46.82. Approximately 727 shares changed hands during trading, a decline of 96% from the average daily volume of 18,692 shares. The stock had previously closed at $50.37.

The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.40). Hannover Ruck had a return on equity of 20.38% and a net margin of 9.92%.

Hannover Ruck Stock Performance

The company has a market cap of $33.71 billion, a price-to-earnings ratio of 11.23 and a beta of 0.23. The stock’s fifty day simple moving average is $51.24 and its two-hundred day simple moving average is $49.96. 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 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.