Hannover Rück SE (OTCMKTS:HVRRY) Short Interest Update

Hannover Rück SE (OTCMKTS:HVRRY - Get Free Report) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 4,700 shares, a drop of 23.0% from the April 30th total of 6,100 shares. Based on an average daily volume of 8,800 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the company's shares are sold short.

Hannover Rück Stock Down 1.4%

OTCMKTS HVRRY traded down $0.75 during trading hours on Thursday, reaching $53.13. 2,731 shares of the company's stock traded hands, compared to its average volume of 6,261. Hannover Rück has a 52-week low of $38.40 and a 52-week high of $55.40. The firm has a market cap of $38.44 billion, a PE ratio of 15.72 and a beta of 0.47. The firm has a 50-day simple moving average of $51.99 and a 200 day simple moving average of $47.25. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.10 and a quick ratio of 0.10.

Hannover Rück (OTCMKTS:HVRRY - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.80 by ($0.10). Hannover Rück had a net margin of 8.78% and a return on equity of 19.44%. The business had revenue of $8.06 billion for the quarter, compared to analysts' expectations of $7.10 billion. Sell-side analysts anticipate that Hannover Rück will post 3.42 EPS for the current fiscal year.

Hannover Rück Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, May 22nd. Shareholders of record on Monday, May 12th were issued a $0.2709 dividend. The ex-dividend date was Friday, May 9th. This represents a yield of 0.5%. Hannover Rück's dividend payout ratio (DPR) is presently 27.46%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HVRRY. The Goldman Sachs Group raised shares of Hannover Rück to a "strong-buy" rating in a research report on Monday, March 24th. Hsbc Global Res raised shares of Hannover Rück to a "hold" rating in a research report on Monday, April 28th.

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.