Hannover Ruck (OTCMKTS:HVRRY) Sees Large Volume Increase - What's Next?

Key Points

• Hannover Ruck SE saw a significant increase in trading volume, with 36,549 shares traded, an increase of 329% from the previous session's volume.
• Analysts upgraded the stock from "hold" to "strong-buy" ratings, with a current consensus rating of "Buy" among several research analysts.
• The company reported earnings per share (EPS) of $1.31 for the last quarter, exceeding estimates, and generated revenue of $7.96 billion, well above expectations.

Hannover Ruck SE (OTCMKTS:HVRRY - Get Free Report) saw strong trading volume on Monday . 36,549 shares traded hands during mid-day trading, an increase of 329% from the previous session's volume of 8,524 shares.The stock last traded at $50.07 and had previously closed at $50.58.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. UBS Group raised shares of Hannover Ruck from a "hold" rating to a "strong-buy" rating in a report on Friday, September 12th. Zacks Research raised shares of Hannover Ruck from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 1st. Three research analysts have rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy".

Hannover Ruck Stock Performance

The stock has a market cap of $36.26 billion, a price-to-earnings ratio of 13.33 and a beta of 0.44. 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 firm's 50-day moving average is $49.57 and its two-hundred day moving average is $51.17.

Hannover Ruck (OTCMKTS:HVRRY - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.26. Hannover Ruck had a net margin of 9.33% and a return on equity of 19.77%. The company had revenue of $7.96 billion during the quarter, compared to analysts' expectations of $7.34 billion. As a group, sell-side analysts expect that Hannover Ruck SE will post 3.42 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.