Hannover Ruck SE (OTCMKTS:HVRRY) Short Interest Update

Hannover Ruck SE (OTCMKTS:HVRRY) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 1,184 shares, a growth of 6,864.7% from the May 31st total of 17 shares. Based on an average daily volume of 93,383 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

Several research firms have commented on HVRRY. Berenberg Bank upgraded shares of Hannover Ruck to a “strong-buy” rating in a report on Tuesday, May 5th. Zacks Research lowered shares of Hannover Ruck from a “hold” rating to a “strong sell” rating in a research note on Monday. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Hannover Ruck Stock Down 0.6%

Shares of HVRRY stock opened at $44.86 on Friday. Hannover Ruck has a 1-year low of $43.00 and a 1-year high of $55.72. The stock’s fifty day moving average price is $47.42 and its 200 day moving average price is $48.97. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.07 and a quick ratio of 0.06. The company has a market cap of $32.46 billion, a price-to-earnings ratio of 10.61 and a beta of 0.20.

Hannover Ruck (OTCMKTS:HVRRY) last released its quarterly 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). Hannover Ruck had a net margin of 9.84% and a return on equity of 19.51%. The business had revenue of $8.16 billion during the quarter, compared to analysts’ expectations of $8.54 billion. On average, research analysts expect that Hannover Ruck will post 4.46 earnings per share for the current fiscal 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.