Hannover Ruck (OTCMKTS:HVRRY) Hits New 1-Year Low – Here’s Why

Hannover Ruck SE (OTCMKTS:HVRRY) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $43.20 and last traded at $43.3250, with a volume of 11556 shares changing hands. The stock had previously closed at $43.31.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised shares of Hannover Ruck to a “strong-buy” rating in a report on Tuesday, May 5th. Two research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Hannover Ruck Stock Performance

The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.06 and a current ratio of 0.06. The business’s fifty day simple moving average is $49.62 and its 200-day simple moving average is $49.47. The firm has a market capitalization of $31.29 billion, a PE ratio of 10.22 and a beta of 0.20.

Hannover Ruck (OTCMKTS:HVRRY) last posted its earnings results on Monday, May 11th. The financial services provider reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.40). The firm 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, equities research analysts expect that Hannover Ruck SE will post 4.67 EPS 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.