Hannover Ruck (OTCMKTS:HVRRY) Shares Pass Below Fifty Day Moving Average – Here’s What Happened

by · The Markets Daily

Hannover Ruck SE (OTCMKTS:HVRRY – Get Free Report) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $48.49 and traded as low as $48.08. Hannover Ruck shares last traded at $48.19, with a volume of 18,696 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research cut Hannover Ruck from a “hold” rating to a “strong sell” rating in a research note on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Get Our Latest Research Report on Hannover Ruck

Hannover Ruck Price Performance

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 stock has a market capitalization of $35.11 billion, a price-to-earnings ratio of 12.01 and a beta of 0.19. The business’s 50 day simple moving average is $48.52 and its 200-day simple moving average is $48.60.

Hannover Ruck (OTCMKTS:HVRRY – Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The financial services provider reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. The company had revenue of $7.43 billion for the quarter, compared to analyst estimates of $7.23 billion. Hannover Ruck had a net margin of 9.33% and a return on equity of 18.15%. Research analysts anticipate that Hannover Ruck SE will post 4.45 earnings per share for the current year.

About Hannover Ruck

(Get Free Report)

Hannover Rück SE, also known as Hannover Re, is a Germany-based global reinsurance group headquartered in Hannover. Founded in 1966, the company provides reinsurance solutions to insurance companies and other risk-bearing organizations rather than primarily selling insurance directly to individual consumers.

Hannover Re’s main business is divided into property and casualty reinsurance and life and health reinsurance. Its services include risk transfer, catastrophe coverage, specialty reinsurance, structured solutions and insurance-linked products.

Further Reading