Hannover Ruck (OTCMKTS:HVRRY) Posts Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Hannover Ruck (OTCMKTS:HVRRY) issued its quarterly earnings results on Monday. The financial services provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.09, Zacks reports. Hannover Ruck had a return on equity of 17.82% and a net margin of 9.41%. The business had revenue of $7.36 billion during the quarter, compared to the consensus estimate of $7.28 billion.

Hannover Ruck Trading Up 1.5%

Shares of OTCMKTS:HVRRY opened at $55.05 on Wednesday. The company has a 50 day moving average of $50.59 and a 200-day moving average of $49.05. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.29. The firm has a market cap of $39.83 billion, a P/E ratio of 13.25 and a beta of 0.14. Hannover Ruck has a twelve month low of $43.00 and a twelve month high of $57.38.

Analysts Set New Price Targets

Separately, Zacks Research raised Hannover Ruck from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 15th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hannover Ruck presently has a consensus rating of “Buy”.

Hannover Ruck Company Profile

Hannover Rück SE, commonly known as Hannover Re, is a Germany-based reinsurance company headquartered in Hannover. Founded in 1966, it provides risk transfer and related services to insurers and other clients around the world. The company’s main business areas are property and casualty reinsurance and life and health reinsurance. Its offerings include coverage for risks such as natural catastrophes, property damage, liability, mortality and longevity, as well as tailored reinsurance and risk management solutions.