Hannover Ruck (OTCMKTS:HVRRY) Shares Gap Up – Should You Buy?

Shares of Hannover Ruck SE (OTCMKTS:HVRRY) gapped up before the market opened on Thursday. The stock had previously closed at $50.3180, but opened at $52.5550. Hannover Ruck shares last traded at $52.5550, with a volume of 943 shares traded.

Analyst Upgrades and Downgrades

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

Hannover Ruck Stock Performance

The company’s fifty day moving average is $48.97 and its 200 day moving average is $48.45. The company has a market capitalization of $36.92 billion, a P/E ratio of 12.63 and a beta of 0.17. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.29.

Hannover Ruck (OTCMKTS:HVRRY) last announced its quarterly earnings results on Wednesday, August 12th. The financial services provider reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. Hannover Ruck had a return on equity of 18.00% and a net margin of 9.33%. The company had revenue of $7.43 billion during the quarter, compared to analysts’ expectations of $7.23 billion. As a group, equities analysts anticipate that Hannover Ruck SE will post 4.45 earnings per share for the current year.

About Hannover Ruck

Hannover Rück SE, known in English as Hannover Re, is a Germany-based global reinsurance company. It provides reinsurance solutions that help insurance companies manage and transfer risk, supporting clients across property and casualty, life and health insurance markets.

Its property and casualty activities include treaty and facultative reinsurance for areas such as natural catastrophes, property, casualty, specialty risks, marine, aviation, credit and surety. In life and health reinsurance, Hannover Re offers solutions related to mortality, longevity, annuities, health coverage and medical risk.