Hannover Rück (OTCMKTS:HVRRY) Upgraded by Hsbc Global Res to Hold Rating

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

A number of other analysts have also recently issued reports on HVRRY. The Goldman Sachs Group upgraded Hannover Rück to a "strong-buy" rating in a research note on Monday, March 24th. Barclays upgraded Hannover Rück to a "strong sell" rating in a report on Tuesday, January 28th.

Hannover Rück Stock Up 0.6 %

HVRRY stock traded up $0.33 during midday trading on Monday, reaching $53.83. The company had a trading volume of 3,104 shares, compared to its average volume of 6,959. The company has a 50 day moving average of $49.81 and a two-hundred day moving average of $45.82. The company has a market capitalization of $38.95 billion, a P/E ratio of 15.93 and a beta of 0.52. Hannover Rück has a 1 year low of $38.40 and a 1 year high of $54.78. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.39.

Hannover Rück Cuts Dividend

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

Hannover Rück Company Profile

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.