Hannover Ruck (OTCMKTS:HVRRY) Downgraded to “Hold” Rating by Zacks Research

Hannover Ruck (OTCMKTS:HVRRY) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. UBS Group upgraded shares of Hannover Ruck from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 12th. Royal Bank Of Canada downgraded Hannover Ruck from a “moderate buy” rating to a “hold” rating in a research report on Monday, October 13th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Hannover Ruck presently has an average rating of “Moderate Buy”.

Hannover Ruck Trading Up 0.5%

OTCMKTS:HVRRY opened at $50.29 on Monday. The company has a market cap of $36.39 billion, a PE ratio of 13.38 and a beta of 0.42. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.37. The company has a 50 day simple moving average of $49.19 and a two-hundred day simple moving average of $50.96. Hannover Ruck has a 12 month low of $41.49 and a 12 month high of $55.40.

Hannover Ruck (OTCMKTS:HVRRY) last released its quarterly earnings results on Monday, November 10th. The financial services provider reported $1.05 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.02). Hannover Ruck had a net margin of 9.33% and a return on equity of 19.77%. The business had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $8.27 billion. Research analysts forecast that Hannover Ruck will post 3.42 earnings per share for the current year.

About Hannover Ruck

Hannover Rück SE, together with its subsidiaries, provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally. It operates through Property & Casualty Reinsurance; and Life & Health Reinsurance segments.