Hannover Rück SE (OTCMKTS:HVRRY – Get Rating) – Investment analysts at Jefferies Financial Group reduced their FY2022 earnings estimates for Hannover Rück in a research report issued to clients and investors on Thursday, April 7th. Jefferies Financial Group analyst P. Kett now expects that the financial services provider will earn $5.80 per share for the year, down from their prior estimate of $6.47. Jefferies Financial Group also issued estimates for Hannover Rück’s FY2023 earnings at $8.49 EPS.
HVRRY has been the subject of several other research reports. The Goldman Sachs Group assumed coverage on Hannover Rück in a research report on Thursday, February 10th. They issued a “buy” rating for the company. Zacks Investment Research downgraded shares of Hannover Rück from a “hold” rating to a “sell” rating in a research note on Friday, April 8th. Morgan Stanley dropped their price target on shares of 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. JPMorgan Chase & Co. decreased their price objective on shares of Hannover Rück from €210.00 ($228.26) to €205.00 ($222.83) in a research report on Monday, March 14th. Finally, 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. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Hannover Rück currently has a consensus rating of “Hold” and an average target price of $169.78.
Hannover Rück Company Profile (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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