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 topic of a number of other research reports. The Goldman Sachs Group assumed coverage on Hannover Rück in a research note on Thursday, February 10th. They issued a buy rating on the stock. Barclays cut their price target on Hannover Rück from €146.00 ($158.70) to €145.70 ($158.37) and set an underweight rating on the stock in a research note on Friday, January 21st. JPMorgan Chase & Co. cut their price target on Hannover Rück from €210.00 ($228.26) to €205.00 ($222.83) in a research note on Monday, March 14th. UBS Group cut their price target on Hannover Rück from €198.00 ($215.22) to €191.00 ($207.61) and set a buy rating on the stock in a research note on Friday, February 4th. Finally, Morgan Stanley cut their price target on Hannover Rück from €201.00 ($218.48) to €179.00 ($194.57) and set an equal weight rating on the stock in a research note on Tuesday, April 5th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $169.78.
About Hannover Rück (Get Rating)
Hannover Rueck SE engages in the provision of reinsurance activities. It operates through the Property and Casualty Reinsurance, and Life and Health Reinsurance business segments. The company was founded on June 6, 1966 and is headquartered in Hannover, Germany.
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