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Hannover Ruck (OTCMKTS:HVRRY) Sees Strong Trading Volume - Still a Buy?

Hannover Ruck logo with Finance background

Key Points

  • Hannover Ruck's stock experienced a significant trading volume increase of 341% on a recent Thursday, with approximately 34,357 shares traded.
  • UBS Group upgraded the stock's rating from "hold" to "strong-buy", contributing to a consensus rating of "Moderate Buy."
  • The company reported earnings of $1.31 per share, surpassing analyst expectations, and had revenue of $7.96 billion for the quarter.
  • Five stocks to consider instead of Hannover Ruck.

Hannover Ruck SE (OTCMKTS:HVRRY - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 34,357 shares were traded during mid-day trading, an increase of 341% from the previous session's volume of 7,796 shares.The stock last traded at $48.76 and had previously closed at $47.94.

Wall Street Analyst Weigh In

Separately, UBS Group upgraded Hannover Ruck from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 12th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy".

View Our Latest Report on HVRRY

Hannover Ruck Stock Up 2.2%

The company has a market cap of $35.44 billion, a PE ratio of 13.03 and a beta of 0.47. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.37. The stock has a 50-day moving average of $49.87 and a 200-day moving average of $51.03.

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 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 for the quarter, compared to analysts' expectations of $7.34 billion. Sell-side analysts predict that Hannover Ruck SE will post 3.42 earnings per share for the current fiscal year.

Hannover Ruck Company Profile

(Get Free Report)

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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