Zacks Investment Research lowered shares of Hannover Rueck (OTCMKTS:HVRRY) from a buy rating to a hold rating in a report released on Wednesday.
According to Zacks, “Hannover Rueckversicherung AG provides reinsurance services. The Company’s operations are divided into four segments: property and casualty reinsurance, life and health reinsurance, financial reinsurance and specialty insurance. Hannover, through its subsidiaries, transacts all lines of non-life and life/health reinsurance. It offers non-life reinsurance products, including specialty lines comprising aviation and space; credit, surety, and political risks; marine, including offshore energy; and structured reinsurance products, which include insurance-linked securities. Hannover Rueckversicherung AG is based in Hannover, Germany. “
HVRRY has been the subject of several other research reports. Credit Suisse Group upgraded shares of Hannover Rueck from a neutral rating to an outperform rating in a research note on Wednesday, January 17th. ValuEngine upgraded shares of Hannover Rueck from a hold rating to a buy rating in a research note on Friday, February 2nd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $76.00.
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About Hannover Rueck
Hannover Rueck SE is a reinsurance company. The Company operates through two segments: Property & Casualty reinsurance and Life & Health reinsurance. The Company under the Property & Casualty reinsurance segment is engaged in marine and aviation reinsurance, credit and surety reinsurance, business written on the London Market, as well as direct business and facultative reinsurance.
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