Hannover Ruck (OTCMKTS:HVRRY) Shares Gap Up – Still a Buy?

Hannover Ruck SE (OTCMKTS:HVRRY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $50.36, but opened at $53.02. Hannover Ruck shares last traded at $53.02, with a volume of 221 shares traded.

Wall Street Analysts Forecast Growth

HVRRY has been the topic of a number of research reports. UBS Group upgraded shares of Hannover Ruck from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 12th. Royal Bank Of Canada downgraded shares of Hannover Ruck from a “moderate buy” rating to a “hold” rating in a research report on Monday, October 13th. Finally, Zacks Research cut Hannover Ruck from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Hannover Ruck Price Performance

The company has a market capitalization of $37.18 billion, a price-to-earnings ratio of 13.52 and a beta of 0.33. 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’s 50 day simple moving average is $49.63 and its 200-day simple moving average is $50.41.

Hannover Ruck (OTCMKTS:HVRRY) last announced its quarterly earnings data on Monday, November 10th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.02). Hannover Ruck had a net margin of 9.44% and a return on equity of 19.75%. The firm had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $8.27 billion. On average, equities research analysts predict that Hannover Ruck SE will post 3.42 earnings per share for the current fiscal 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.