Hannover Ruck (OTCMKTS:HVRRY) Announces Quarterly Earnings Results

Hannover Ruck (OTCMKTS:HVRRY) posted its earnings results on Monday. The financial services provider reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.09, Zacks reports. Hannover Ruck had a return on equity of 18.00% and a net margin of 9.33%.

Hannover Ruck Stock Performance

OTCMKTS HVRRY opened at $54.25 on Monday. Hannover Ruck has a fifty-two week low of $43.00 and a fifty-two week high of $57.38. The stock has a market cap of $39.25 billion, a price-to-earnings ratio of 13.43 and a beta of 0.14. The business has a fifty day moving average of $50.39 and a 200-day moving average of $48.97. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.29.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Hannover Ruck from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 15th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

About Hannover Ruck

Hannover Rück SE, commonly known as Hannover Re, is a Germany-based reinsurance company headquartered in Hannover. Founded in 1966, it provides risk transfer and related services to insurers and other clients around the world.

The company’s main business areas are property and casualty reinsurance and life and health reinsurance. Its offerings include coverage for risks such as natural catastrophes, property damage, liability, mortality and longevity, as well as tailored reinsurance and risk management solutions.

Hannover Re serves clients internationally through a network of subsidiaries and branches.