Hannover Ruck (OTCMKTS:HVRRY) Sees Large Volume Increase - Still a Buy?

Key Points

• Hannover Ruck SE saw a significant trading volume increase of 128% with 18,749 shares traded, indicating heightened investor interest.
• Equities analysts have upgraded Hannover Ruck's rating to "strong-buy", with three analysts recommending a strong buy, suggesting potential for future growth.
• The company reported a Q2 earnings per share of $1.31, exceeding estimates by $0.26, and had revenues of $7.96 billion, surpassing analyst expectations.

Shares of Hannover Ruck SE (OTCMKTS:HVRRY - Get Free Report) saw strong trading volume on Friday . 18,749 shares traded hands during trading, an increase of 128% from the previous session's volume of 8,207 shares.The stock last traded at $51.00 and had previously closed at $50.50.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Zacks Research raised Hannover Ruck from a "hold" rating to a "strong-buy" rating in a research note on Wednesday. UBS Group raised Hannover Ruck from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 12th. Three research analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Hannover Ruck presently has a consensus rating of "Buy".

Hannover Ruck Price Performance

The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $36.58 billion, a P/E ratio of 13.45 and a beta of 0.44. The stock has a 50 day moving average of $49.58 and a 200-day moving average of $51.06.

Hannover Ruck (OTCMKTS:HVRRY - Get Free Report) last issued its quarterly earnings results on Tuesday, August 12th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.26. Hannover Ruck had a return on equity of 19.77% and a net margin of 9.33%.The firm had revenue of $7.96 billion during the quarter, compared to analyst estimates of $7.34 billion. On average, equities research analysts anticipate that Hannover Ruck SE will post 3.42 earnings per share for the current fiscal year.

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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