Hannover Rück (OTCMKTS:HVRRY) Downgraded by Zacks Investment Research


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Zacks Investment Research lowered shares of Hannover Rück (OTCMKTS:HVRRY) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning, Zacks.com reports.

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. “

Several other equities analysts have also recently weighed in on HVRRY. DZ Bank reiterated a buy rating on shares of Hannover Rück in a research report on Wednesday, November 4th. Credit Suisse Group upgraded Hannover Rück from a neutral rating to an outperform rating in a research report on Tuesday, September 29th. Royal Bank of Canada reiterated a sector perform rating on shares of Hannover Rück in a research report on Thursday, November 5th. Societe Generale cut Hannover Rück from a buy rating to a hold rating in a research report on Wednesday, November 18th. Finally, Barclays reiterated an overweight rating on shares of Hannover Rück in a research report on Tuesday, November 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $93.00.

OTCMKTS:HVRRY opened at $82.01 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.19 and a quick ratio of 0.20. The business has a fifty day simple moving average of $81.78 and a two-hundred day simple moving average of $82.42. Hannover Rück has a 1 year low of $56.15 and a 1 year high of $104.16. The company has a market capitalization of $19.78 billion, a P/E ratio of 17.83 and a beta of 0.95.

Hannover Rück (OTCMKTS:HVRRY) last released its earnings results on Wednesday, November 4th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter. Hannover Rück had a return on equity of 8.63% and a net margin of 4.12%. The business had revenue of $7.71 billion during the quarter. As a group, analysts anticipate that Hannover Rück will post 4.13 earnings per share for the current year.

Hannover Rück Company Profile

Hannover Rück SE, together with its subsidiaries, provides reinsurance products and services worldwide. It operates through Property & Casualty Reinsurance, and Life & Health Reinsurance segments. The Property & Casualty Reinsurance segment offers specialty lines comprising marine, aviation, facultative and direct business, credit, surety, and political risks reinsurance products; and treaty, catastrophe XL, and structured reinsurance, as well as insurance-linked securities.

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Analyst Recommendations for Hannover Rück (OTCMKTS:HVRRY)

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