Hannover Ruck (OTCMKTS:HVRRY) Cut to Hold at Zacks Research

Zacks Research lowered shares of Hannover Ruck (OTCMKTS:HVRRY) from a strong-buy rating to a hold rating in a report issued on Monday morning,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. UBS Group upgraded shares of Hannover Ruck from a “hold” rating to a “strong-buy” rating in a report on Friday, September 12th. Royal Bank Of Canada lowered shares of Hannover Ruck from a “moderate buy” rating to a “hold” rating in a research report on Monday, October 13th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Hannover Ruck Stock Performance

Shares of Hannover Ruck stock opened at $49.98 on Monday. The stock’s fifty day moving average is $49.24 and its two-hundred day moving average is $50.95. The company has a market capitalization of $36.16 billion, a PE ratio of 13.29 and a beta of 0.42. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.37. Hannover Ruck has a 52 week low of $41.49 and a 52 week high of $55.40.

Hannover Ruck (OTCMKTS:HVRRY) last released its earnings results on Monday, November 10th. The financial services provider reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.02). The business had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $8.27 billion. Hannover Ruck had a return on equity of 19.77% and a net margin of 9.33%. As a group, analysts expect that Hannover Ruck will post 3.42 earnings per share 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.