Hannover Ruck (OTCMKTS:HVRRY) Stock Passes Above 50-Day Moving Average – Time to Sell?

Shares of Hannover Ruck SE (OTCMKTS:HVRRY) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $46.48 and traded as high as $48.3475. Hannover Ruck shares last traded at $48.06, with a volume of 6,209 shares trading hands.

Wall Street Analysts Forecast Growth

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

Hannover Ruck Trading Down 0.1%

The firm has a market cap of $34.68 billion, a P/E ratio of 11.33 and a beta of 0.20. 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 firm has a fifty day moving average of $46.66 and a 200-day moving average of $48.47.

Hannover Ruck (OTCMKTS:HVRRY) last issued its quarterly earnings data on Wednesday, August 12th. The financial services provider reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Hannover Ruck had a return on equity of 19.51% and a net margin of 9.84%.The firm had revenue of $7.43 billion during the quarter, compared to the consensus estimate of $7.23 billion. Equities research analysts forecast that Hannover Ruck SE will post 4.33 earnings per share for the current 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.