Hannover Ruck (OTCMKTS:HVRRY) Share Price Passes Below 50 Day Moving Average - Here's Why

Hannover Ruck SE (OTCMKTS:HVRRY - Get Free Report) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $52.79 and traded as low as $51.20. Hannover Ruck shares last traded at $51.89, with a volume of 1,673 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. The Goldman Sachs Group raised shares of Hannover Ruck to a "strong-buy" rating in a research note on Monday, March 24th. Hsbc Global Res raised shares of Hannover Ruck to a "hold" rating in a research note on Monday, April 28th.

Hannover Ruck Price Performance

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 simple moving average is $52.79 and its 200-day simple moving average is $47.90. The stock has a market capitalization of $37.55 billion, a price-to-earnings ratio of 15.49 and a beta of 0.46.

Hannover Ruck (OTCMKTS:HVRRY - Get Free Report) last posted 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 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 declared a dividend, which was paid on Thursday, May 22nd. Shareholders of record on Monday, May 12th were given a dividend of $0.2709 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a dividend yield of 0.5%. Hannover Ruck's dividend payout ratio (DPR) 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.