Zacks Investment Research upgraded shares of Hannover Rück (OTCMKTS:HVRRY) from a hold rating to a buy rating in a research report sent to investors on Monday morning, Zacks.com reports. Zacks Investment Research currently has $93.00 price target on the financial services provider’s stock.
According to Zacks, “Hannover Rueckversicherung AG provides reinsurance services. The Company’s operations are divided into four segments: property and casualty reinsurance, life and health reinsurance, financial reinsurance and specialty insurance. Hannover, through its subsidiaries, transacts all lines of non-life and life/health reinsurance. It offers non-life reinsurance products, including specialty lines comprising aviation and space; credit, surety, and political risks; marine, including offshore energy; and structured reinsurance products, which include insurance-linked securities. Hannover Rueckversicherung AG is based in Hannover, Germany. “
Several other research analysts have also recently commented on HVRRY. Barclays reaffirmed an overweight rating on shares of Hannover Rück in a report on Tuesday, November 24th. Deutsche Bank Aktiengesellschaft upgraded shares of Hannover Rück from a hold rating to a buy rating in a research report on Tuesday, January 5th. JPMorgan Chase & Co. reiterated an overweight rating on shares of Hannover Rück in a research report on Friday, October 16th. Credit Suisse Group upgraded shares of Hannover Rück from a neutral rating to an outperform rating in a research report on Tuesday, September 29th. Finally, Morgan Stanley upgraded shares of Hannover Rück from an equal weight rating to an overweight rating in a research report on Wednesday, December 2nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $93.00.
Hannover Rück (OTCMKTS:HVRRY) last announced its earnings results on Wednesday, November 4th. The financial services provider reported $1.47 EPS for the quarter. Hannover Rück had a net margin of 4.12% and a return on equity of 8.63%. The company had revenue of $7.71 billion for the quarter. Equities research analysts predict that Hannover Rück will post 4.13 earnings per share for the current fiscal year.
About Hannover Rück
Hannover RÃ¼ck SE, together with its subsidiaries, provides reinsurance products and services worldwide. It operates through Property & Casualty Reinsurance, and Life & Health Reinsurance segments. The Property & Casualty Reinsurance segment offers specialty lines comprising marine, aviation, facultative and direct business, credit, surety, and political risks reinsurance products; and treaty, catastrophe XL, and structured reinsurance, as well as insurance-linked securities.
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