Hannover Ruck SE (OTCMKTS:HVRRY) Short Interest Down 44.2% in July

Hannover Ruck SE (OTCMKTS:HVRRY) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 8,241 shares, a decline of 44.2% from the July 15th total of 14,774 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 25,050 shares, the short-interest ratio is presently 0.3 days.

Analysts Set New Price Targets

Several equities research analysts recently commented on HVRRY shares. Zacks Research cut Hannover Ruck from a “hold” rating to a “strong sell” rating in a report on Monday, June 22nd. Berenberg Bank raised Hannover Ruck to a “strong-buy” rating in a research note on Tuesday, May 5th. Two analysts have rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Hannover Ruck presently has an average rating of “Moderate Buy”.

Hannover Ruck Stock Up 0.2%

Shares of OTCMKTS HVRRY opened at $49.38 on Wednesday. The company has a 50 day simple moving average of $47.01 and a 200-day simple moving average of $48.52. The company has a market capitalization of $35.73 billion, a P/E ratio of 12.22 and a beta of 0.20. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.07 and a quick ratio of 0.07. Hannover Ruck has a 1 year low of $43.00 and a 1 year high of $55.72.

Hannover Ruck (OTCMKTS:HVRRY) last released its quarterly earnings data 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 firm had revenue of $7.43 billion for the quarter, compared to analysts’ expectations of $7.23 billion. Hannover Ruck had a return on equity of 18.15% and a net margin of 9.33%. On average, equities research analysts predict that Hannover Ruck will post 4.33 earnings per share for the current year.

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.