Hannover Ruck (OTCMKTS:HVRRY) Reaches New 52-Week High – What’s Next?

Hannover Ruck SE (OTCMKTS:HVRRY) hit a new 52-week high on Wednesday. The company traded as high as $55.76 and last traded at $55.68, with a volume of 516 shares changing hands. The stock had previously closed at $54.66.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Hannover Ruck from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 15th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Hannover Ruck Stock Performance

The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.06 and a current ratio of 0.06. The firm has a market cap of $40.49 billion, a P/E ratio of 13.85 and a beta of 0.14. The business’s 50-day simple moving average is $50.02 and its 200 day simple moving average is $48.84.

Hannover Ruck (OTCMKTS:HVRRY) last released its quarterly earnings results on Wednesday, August 12th. The financial services provider reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. The firm had revenue of $7.43 billion for the quarter, compared to analysts’ expectations of $7.23 billion. Hannover Ruck had a return on equity of 18.00% and a net margin of 9.33%. As a group, equities analysts predict that Hannover Ruck SE will post 4.20 earnings per share for the current year.

About Hannover Ruck

Hannover Rück SE, also known as Hannover Re, is a Germany-based global reinsurance company. It provides reinsurance and related risk-transfer solutions to primary insurance companies, helping them manage exposures arising from natural catastrophes, property damage, liability claims, mortality, longevity and other insurance risks.

The company operates through property and casualty reinsurance and life and health reinsurance. Its offerings include traditional treaty and facultative reinsurance, retrocession, structured reinsurance and alternative risk-transfer solutions.