Hannover Ruck (OTCMKTS:HVRRY) Trading 5.4% Higher – Here’s Why

Hannover Ruck SE (OTCMKTS:HVRRY)’s share price traded up 5.4% during trading on Monday . The stock traded as high as $50.77 and last traded at $50.77. 486 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 22,198 shares. The stock had previously closed at $48.19.

Analyst Ratings Changes

Separately, Zacks Research downgraded Hannover Ruck from a “hold” rating to a “strong sell” rating in a research report on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Hannover Ruck Price Performance

The stock has a market cap of $35.64 billion, a PE ratio of 12.19 and a beta of 0.19. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.07 and a quick ratio of 0.07. The firm’s 50 day moving average price is $48.61 and its two-hundred day moving average price is $48.58.

Hannover Ruck (OTCMKTS:HVRRY) last announced its quarterly earnings results on Wednesday, August 12th. The financial services provider reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. The company had revenue of $7.43 billion for the quarter, compared to analysts’ expectations of $7.23 billion. Hannover Ruck had a net margin of 9.33% and a return on equity of 18.15%. On average, research analysts expect that Hannover Ruck SE will post 4.45 earnings per share for the current year.

Hannover Ruck Company Profile

Hannover Rück SE, also known as Hannover Re, is a Germany-based global reinsurance group headquartered in Hannover. Founded in 1966, the company provides reinsurance solutions to insurance companies and other risk-bearing organizations rather than primarily selling insurance directly to individual consumers.

Hannover Re’s main business is divided into property and casualty reinsurance and life and health reinsurance. Its services include risk transfer, catastrophe coverage, specialty reinsurance, structured solutions and insurance-linked products.