Hannover Ruck (OTCMKTS:HVRRY) Announces Quarterly Earnings Results, Beats Estimates By $0.26 EPS

Key Points

• Hannover Ruck reported quarterly earnings of $1.31 per share, which exceeded the consensus estimate of $1.05 by $0.26.
• The company's return on equity stood at 18.29%, and it had a net margin of 8.46%, indicating robust profitability.
• Hsbc Global Res upgraded Hannover Ruck to a "hold" rating, reflecting positive sentiment towards the stock's future performance.

Hannover Ruck (OTCMKTS:HVRRY - Get Free Report) released its quarterly earnings data on Tuesday. The financial services provider reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.26, Zacks reports. Hannover Ruck had a return on equity of 18.29% and a net margin of 8.46%.

Hannover Ruck Stock Performance

Shares of HVRRY stock opened at $51.38 on Tuesday. The company has a market capitalization of $37.18 billion, a price-to-earnings ratio of 15.34 and a beta of 0.46. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.09 and a current ratio of 0.09. The company has a 50-day simple moving average of $52.22 and a 200 day simple moving average of $50.23. Hannover Ruck has a 52 week low of $40.87 and a 52 week high of $55.40.

Analysts Set New Price Targets

Separately, Hsbc Global Res upgraded Hannover Ruck to a "hold" rating in a research note on Monday, April 28th.

Hannover Ruck 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.

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