Hannover Ruck (OTCMKTS:HVRRY) Posts Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Hannover Ruck (OTCMKTS:HVRRY) posted its earnings results on Wednesday. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06, Zacks reports. The company had revenue of $7.43 billion during the quarter, compared to the consensus estimate of $7.23 billion. Hannover Ruck had a net margin of 9.84% and a return on equity of 19.51%.

Hannover Ruck Stock Performance

OTCMKTS:HVRRY opened at $47.78 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a market capitalization of $34.57 billion, a PE ratio of 11.30 and a beta of 0.20. Hannover Ruck has a fifty-two week low of $43.00 and a fifty-two week high of $55.72. The company has a fifty day moving average of $46.57 and a two-hundred day moving average of $48.46.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Berenberg Bank raised Hannover Ruck to a “strong-buy” rating in a report on Tuesday, May 5th. Zacks Research downgraded shares of Hannover Ruck from a “hold” rating to a “strong sell” rating in a report on Monday, June 22nd. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

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.