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

Key Points

• Hannover Ruck SE saw a significant increase in trading volume, with 17,085 shares traded, marking a 132% rise from the previous session.
• The stock currently trades at $51.48, down from a prior close of $53.78, and has a market cap of $37.79 billion.
• In its latest earnings report, Hannover Ruck reported an EPS of $0.70, missing expectations by $0.10, while revenue surpassed estimates at $8.06 billion.

Hannover Ruck SE (OTCMKTS:HVRRY - Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 17,085 shares changed hands during mid-day trading, an increase of 132% from the previous session's volume of 7,372 shares.The stock last traded at $51.48 and had previously closed at $53.78.

Wall Street Analysts Forecast Growth

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

Hannover Ruck Stock Down 3.2%

The firm has a market cap of $37.66 billion, a price-to-earnings ratio of 15.54 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 business's 50-day moving average is $52.27 and its 200-day moving average is $50.16.

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 analysts' consensus estimates of $0.80 by ($0.10). The firm had revenue of $8.06 billion for the quarter, compared to analyst estimates of $7.10 billion. Hannover Ruck had a return on equity of 18.29% and a net margin of 8.46%. On average, equities analysts predict that Hannover Ruck SE will post 3.42 EPS for the current 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.