Hannover Ruck (OTCMKTS:HVRRY) Cut to “Hold” at Royal Bank Of Canada

Royal Bank Of Canada downgraded shares of Hannover Ruck (OTCMKTS:HVRRY) from a moderate buy rating to a hold rating in a research report released on Monday,Zacks.com reports.

Several other equities analysts have also weighed in on HVRRY. Zacks Research upgraded shares of Hannover Ruck from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. UBS Group upgraded shares of Hannover Ruck from a “hold” rating to a “strong-buy” rating in a report on Friday, September 12th. Three analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Hannover Ruck Trading Down 1.7%

Shares of OTCMKTS HVRRY opened at $50.39 on Monday. The company’s 50 day simple moving average is $49.46 and its 200 day simple moving average is $51.17. Hannover Ruck has a fifty-two week low of $41.49 and a fifty-two week high of $55.40. The firm has a market capitalization of $36.46 billion, a P/E ratio of 13.40 and a beta of 0.44. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.09 and a quick ratio of 0.09.

Hannover Ruck (OTCMKTS:HVRRY) last announced its quarterly earnings data on Tuesday, August 12th. The financial services provider reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.26. Hannover Ruck had a net margin of 9.33% and a return on equity of 19.77%. The business had revenue of $7.96 billion for the quarter, compared to analyst estimates of $7.34 billion. On average, analysts predict that Hannover Ruck will post 3.42 EPS for the current year.

About Hannover Ruck

Hannover Rück SE, together with its subsidiaries, provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally. It operates through Property & Casualty Reinsurance; and Life & Health Reinsurance segments.