Hannover Rück (OTCMKTS:HVRRY) Upgraded at Hsbc Global Res

Hsbc Global Res upgraded shares of Hannover Rück (OTCMKTS:HVRRY - Free Report) to a hold rating in a report released on Monday,Zacks.com reports.

Several other research firms have also weighed in on HVRRY. Barclays upgraded shares of Hannover Rück to a "strong sell" rating in a research note on Tuesday, January 28th. The Goldman Sachs Group raised Hannover Rück to a "strong-buy" rating in a report on Monday, March 24th.

Hannover Rück Stock Up 0.6 %

Shares of Hannover Rück stock traded up $0.33 on Monday, hitting $53.83. 3,104 shares of the company's stock traded hands, compared to its average volume of 6,959. The stock has a market cap of $38.95 billion, a P/E ratio of 15.93 and a beta of 0.47. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.39. Hannover Rück has a 52-week low of $38.40 and a 52-week high of $54.78. The firm's 50-day moving average is $49.81 and its 200 day moving average is $45.81.

Hannover Rück Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, May 22nd. Investors of record on Monday, May 12th will be given a $0.2709 dividend. The ex-dividend date is Friday, May 9th. This represents a yield of 0.5%. Hannover Rück's dividend payout ratio is presently 26.07%.

About Hannover Rück

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.