Hannover Ruck (OTCMKTS:HVRRY) Stock Passes Below 50-Day Moving Average – Here’s What Happened

Hannover Ruck SE (OTCMKTS:HVRRY)’s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $49.25 and traded as low as $48.1320. Hannover Ruck shares last traded at $48.3025, with a volume of 9,159 shares traded.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of Hannover Ruck from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Two research analysts have rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Hannover Ruck Trading Up 0.4%

The business has a 50 day moving average of $49.25 and a 200 day moving average of $49.46. The firm has a market cap of $34.95 billion, a price-to-earnings ratio of 12.71 and a beta of 0.34. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.33.

Hannover Ruck (OTCMKTS:HVRRY) last issued its quarterly earnings results on Monday, November 10th. The financial services provider reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.02). The firm had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $8.27 billion. Hannover Ruck had a return on equity of 19.35% and a net margin of 9.44%. On average, research analysts forecast that Hannover Ruck SE will post 3.42 earnings per share for the current fiscal year.

About Hannover Ruck

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.