Hannover Ruck (OTCMKTS:HVRRY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday.
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 research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. raised shares of Hannover Ruck from an “underweight” rating to a “neutral” rating in a report on Wednesday, September 27th. ValuEngine cut shares of Hannover Ruck from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd.
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Hannover Ruck Company Profile
Hannover Rueck SE is a reinsurance company. The Company operates through two segments: Property & Casualty reinsurance and Life & Health reinsurance. The Company under the Property & Casualty reinsurance segment is engaged in marine and aviation reinsurance, credit and surety reinsurance, business written on the London Market, as well as direct business and facultative reinsurance.
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