Hannover Ruck (OTCMKTS:HVRRY) Stock Rating Lowered by Royal Bank Of Canada

Key Points

• The stock rating for Hannover Ruck was downgraded by Royal Bank Of Canada from a "moderate buy" to a "hold" rating.
• Despite the downgrade, Hannover Ruck's stock saw an increase of 2.8%, with current trading around $51.62.
• Analysts' ratings for Hannover Ruck vary, with three giving a strong buy rating, while consensus remains at a "moderate buy."

Hannover Ruck (OTCMKTS:HVRRY - Get Free Report) was downgraded by investment analysts at Royal Bank Of Canada from a "moderate buy" rating to a "hold" rating in a research report issued on Monday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on the company. Zacks Research upgraded Hannover Ruck from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 1st. UBS Group upgraded Hannover Ruck from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 12th. Three investment analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

Hannover Ruck Stock Up 2.8%

HVRRY stock opened at $51.62 on Monday. The company has a market cap of $37.35 billion, a PE ratio of 13.73 and a beta of 0.44. The business has a 50-day simple moving average of $49.51 and a 200 day simple moving average of $51.17. Hannover Ruck has a 52 week low of $41.49 and a 52 week high of $55.40. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.37.

Hannover Ruck (OTCMKTS:HVRRY - Get Free Report) last issued its earnings results on Tuesday, August 12th. The financial services provider reported $1.31 EPS for the quarter, topping the consensus estimate of $1.05 by $0.26. The firm had revenue of $7.96 billion during the quarter, compared to the consensus estimate of $7.34 billion. Hannover Ruck had a return on equity of 19.77% and a net margin of 9.33%. Sell-side analysts anticipate that Hannover Ruck 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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