Hannover Ruck (OTCMKTS:HVRRY) Shares Gap Up – Here’s Why

by · The Cerbat Gem

Hannover Ruck SE (OTCMKTS:HVRRY – Get Free Report) gapped up prior to trading 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 changing hands.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on HVRRY shares. Zacks Research downgraded Hannover Ruck from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Royal Bank Of Canada cut Hannover Ruck from a “moderate buy” rating to a “hold” rating in a research note on Monday, October 13th. Finally, UBS Group upgraded shares of Hannover Ruck from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 12th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Hannover Ruck presently has an average rating of “Moderate Buy”.

Get Our Latest Stock Report on Hannover Ruck

Hannover Ruck Stock Performance

The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a 50 day moving average of $49.63 and a 200 day moving average of $50.41. The stock has a market capitalization of $37.18 billion, a P/E ratio of 13.52 and a beta of 0.33.

Hannover Ruck (OTCMKTS:HVRRY – Get Free Report) last announced its quarterly earnings results 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 analyst estimates of $8.27 billion. Equities analysts predict that Hannover Ruck SE will post 3.42 EPS for the current year.

Hannover Ruck Company Profile

(Get Free Report)

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.

See Also