Hannover Ruck (OTCMKTS:HVRRY) Releases Earnings Results

Hannover Ruck (OTCMKTS:HVRRY) announced its quarterly earnings data on Wednesday. The financial services provider reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06, Zacks reports. Hannover Ruck had a return on equity of 19.51% and a net margin of 9.84%.

Hannover Ruck Price Performance

Shares of OTCMKTS:HVRRY traded down $0.04 on Wednesday, hitting $48.02. The stock had a trading volume of 2,060 shares, compared to its average volume of 23,571. The firm’s 50 day moving average price is $46.48 and its 200-day moving average price is $48.45. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.07 and a current ratio of 0.07. Hannover Ruck has a twelve month low of $43.00 and a twelve month high of $55.72. The company has a market capitalization of $34.74 billion, a price-to-earnings ratio of 11.35 and a beta of 0.20.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on HVRRY shares. Berenberg Bank upgraded shares of Hannover Ruck to a “strong-buy” rating in a research note on Tuesday, May 5th. Zacks Research cut shares of Hannover Ruck from a “hold” rating to a “strong sell” rating in a research note on Monday, June 22nd. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

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.