Hannover Ruck (OTCMKTS:HVRRY) Stock Passes Below 50-Day Moving Average - Here's What Happened

Key Points

• Hannover Ruck SE's stock price fell below its 50-day moving average, closing at $48.98 compared to the average of $51.77.
• Analysts currently have a mixed outlook on Hannover Ruck, with one Strong Buy, one Hold, and one Sell rating, resulting in an average rating of "Hold."
• For the last quarter, Hannover Ruck reported earnings of $1.31 per share, significantly beating expectations of $1.05, with revenues of $7.96 billion surpassing the forecast of $7.34 billion.

Hannover Ruck SE (OTCMKTS:HVRRY - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $51.77 and traded as low as $48.98. Hannover Ruck shares last traded at $48.98, with a volume of 9,374 shares.

Analysts Set New Price Targets

Separately, Hsbc Global Res raised Hannover Ruck to a "hold" rating in a report on Monday, April 28th. One analyst has 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 stock presently has an average rating of "Hold".

Hannover Ruck Stock Up 0.0%

The stock has a market cap of $35.44 billion, a PE ratio of 13.03 and a beta of 0.46. The business has a 50 day moving average price of $51.77 and a 200 day moving average price of $50.39. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.36.

Hannover Ruck (OTCMKTS:HVRRY - Get Free Report) last announced its quarterly earnings results on Tuesday, August 12th. The financial services provider reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.26. Hannover Ruck had a return on equity of 20.09% and a net margin of 9.33%.The company had revenue of $7.96 billion during the quarter, compared to analysts' expectations of $7.34 billion. Equities research analysts expect that Hannover Ruck SE will post 3.42 EPS for the current fiscal 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.

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