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

Shares of Hannover Ruck SE (OTCMKTS:HVRRY - Get Free Report) saw an uptick in trading volume on Thursday . 11,204 shares traded hands during mid-day trading, an increase of 91% from the previous session's volume of 5,877 shares.The stock last traded at $51.54 and had previously closed at $51.73.

Wall Street Analyst Weigh In

Several research analysts have recently commented on HVRRY shares. The Goldman Sachs Group raised shares of Hannover Ruck to a "strong-buy" rating in a report on Monday, March 24th. Hsbc Global Res upgraded Hannover Ruck to a "hold" rating in a research note on Monday, April 28th.

Hannover Ruck Stock Down 0.5%

The company has a market cap of $37.26 billion, a P/E ratio of 15.37 and a beta of 0.46. The stock has a 50-day moving average of $52.88 and a 200 day moving average of $48.15. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.09 and a quick ratio of 0.09.

Hannover Ruck (OTCMKTS:HVRRY - Get Free Report) last issued its quarterly 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 during the quarter, compared to the consensus estimate of $7.10 billion. Hannover Ruck had a net margin of 8.46% and a return on equity of 18.29%. Research analysts anticipate that Hannover Ruck SE will post 3.42 earnings per share for the current year.

Hannover Ruck Cuts Dividend

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

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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