Hannover Ruck (OTCMKTS:HVRRY) Stock Passes Below Fifty Day Moving Average – What’s Next?
by Doug Wharley · The Cerbat GemHannover Ruck SE (OTCMKTS:HVRRY – Get Free Report)’s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $48.65 and traded as low as $44.6555. Hannover Ruck shares last traded at $44.6650, with a volume of 27,869 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank raised shares of Hannover Ruck to a “strong-buy” rating in a research note on Tuesday, May 5th. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.
Check Out Our Latest Analysis on HVRRY
Hannover Ruck Price Performance
The company’s 50 day moving average price is $48.65 and its 200-day moving average price is $49.21. The stock has a market cap of $32.32 billion, a P/E ratio of 10.56 and a beta of 0.20. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.30.
Hannover Ruck (OTCMKTS:HVRRY – Get Free Report) last released its quarterly earnings results on Monday, May 11th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.40). The business had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.54 billion. Hannover Ruck had a net margin of 9.84% and a return on equity of 20.27%. As a group, sell-side analysts expect that Hannover Ruck SE will post 4.67 earnings per share for the current year.
About Hannover Ruck
Hannover Rück (OTCMKTS: HVRRY), commonly known as Hannover Re, is a global reinsurance group headquartered in Hannover, Germany. The company underwrites treaty and facultative reinsurance across a broad spectrum of risks, including property & casualty and life & health lines. Its product suite encompasses traditional proportional and non‑proportional treaty contracts, facultative placements, structured reinsurance, retrocession, and capital market–linked solutions such as insurance‑linked securities, tailored to transfer and manage insurance risk for primary insurers and other reinsurers.
Founded in the 1960s, Hannover Re has developed into one of the major international reinsurers, building a presence across Europe, the Americas, Asia‑Pacific and other global markets.