Hannover Ruck (OTCMKTS:HVRRY – Get Free Report) posted its quarterly earnings data on Monday. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.40), Zacks reports. Hannover Ruck had a return on equity of 20.27% and a net margin of 9.84%.The business had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.54 billion.
Hannover Ruck Trading Down 1.2%
Shares of OTCMKTS HVRRY opened at $46.04 on Wednesday. The firm’s 50 day moving average price is $51.03 and its 200-day moving average price is $49.90. The company has a market cap of $33.31 billion, a PE ratio of 10.88 and a beta of 0.23. Hannover Ruck has a 52-week low of $45.69 and a 52-week high of $55.72. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.06 and a current ratio of 0.06.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank raised shares of Hannover Ruck to a “strong-buy” rating in a research note on Tuesday, May 5th. Two investment analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Hannover Ruck has a consensus rating of “Buy”.
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.
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