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

Zacks Research upgraded shares of Hannover Ruck (OTCMKTS:HVRRY) from a strong sell rating to a hold rating in a research note issued to investors on Tuesday morning,Zacks reports.

Hannover Ruck Trading Down 1.1%

Shares of OTCMKTS:HVRRY opened at $48.72 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a market capitalization of $35.25 billion, a price-to-earnings ratio of 12.06 and a beta of 0.19. Hannover Ruck has a 1-year low of $43.00 and a 1-year high of $55.72. The company has a 50 day moving average price of $48.63 and a 200 day moving average price of $48.57.

Hannover Ruck (OTCMKTS:HVRRY) last posted its quarterly earnings results on Wednesday, August 12th. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.06. Hannover Ruck had a return on equity of 18.15% and a net margin of 9.33%.The company had revenue of $7.43 billion for the quarter, compared to analysts’ expectations of $7.23 billion. On average, research analysts anticipate that Hannover Ruck will post 4.45 EPS for the current fiscal year.

Hannover Ruck Company Profile

Hannover Rück SE, also known as Hannover Re, is a Germany-based global reinsurance group headquartered in Hannover. Founded in 1966, the company provides reinsurance solutions to insurance companies and other risk-bearing organizations rather than primarily selling insurance directly to individual consumers.

Hannover Re’s main business is divided into property and casualty reinsurance and life and health reinsurance. Its services include risk transfer, catastrophe coverage, specialty reinsurance, structured solutions and insurance-linked products.