Hannover Ruck (OTCMKTS:HVRRY) Sees Large Volume Increase - Should You Buy?

Hannover Ruck SE (OTCMKTS:HVRRY - Get Free Report) saw strong trading volume on Wednesday . 19,710 shares were traded during mid-day trading, an increase of 231% from the previous session's volume of 5,955 shares.The stock last traded at $53.11 and had previously closed at $52.62.

Wall Street Analyst Weigh In

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

Hannover Ruck Trading Down 2.7%

The company has a market cap of $37.74 billion, a PE ratio of 15.57 and a beta of 0.45. The stock's 50 day moving average is $52.48 and its 200-day moving average is $49.47. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.36.

Hannover Ruck (OTCMKTS:HVRRY - Get Free Report) last announced its earnings results on Tuesday, May 13th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.10). The business had revenue of $8.06 billion for the quarter, compared to analysts' expectations of $7.10 billion. Hannover Ruck had a net margin of 8.46% and a return on equity of 18.29%. As a group, sell-side analysts anticipate that Hannover Ruck SE will post 3.42 EPS for the current year.

Hannover Ruck Cuts Dividend

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

About Hannover Ruck

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.