Hannover Ruck (OTCMKTS:HVRRY) Reaches New 52-Week High - What's Next?

Key Points

• Hannover Ruck shares hit a 52-week high of $55.76 and were last trading at $55.68, up from the previous close of $54.66.
• Zacks Research upgraded the stock from “strong sell” to “hold”; MarketBeat reports an average analyst rating of Buy, based on one Strong Buy and one Hold rating.
• Latest quarterly results beat expectations: EPS was $1.12 versus a $1.06 consensus, while revenue of $7.43 billion exceeded estimates of $7.23 billion.

Hannover Ruck SE (OTCMKTS:HVRRY - Get Free Report)'s stock price reached a new 52-week high on Wednesday. The company traded as high as $55.76 and last traded at $55.68, with a volume of 516 shares trading hands. The stock had previously closed at $54.66.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Hannover Ruck from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 15th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy".

Hannover Ruck Price Performance

The firm has a market cap of $40.49 billion, a P/E ratio of 13.85 and a beta of 0.14. The business has a 50-day simple moving average of $50.02 and a 200 day simple moving average of $48.84. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.06 and a current ratio of 0.06.

Hannover Ruck (OTCMKTS:HVRRY - Get Free Report) last announced its earnings results on Wednesday, August 12th. The financial services provider reported $1.12 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.06. Hannover Ruck had a return on equity of 18.00% and a net margin of 9.33%. The company had revenue of $7.43 billion during the quarter, compared to the consensus estimate of $7.23 billion. On average, analysts anticipate that Hannover Ruck SE will post 4.20 earnings per share for the current fiscal year.

Hannover Ruck Company Profile

Hannover Rück SE, also known as Hannover Re, is a Germany-based global reinsurance company. It provides reinsurance and related risk-transfer solutions to primary insurance companies, helping them manage exposures arising from natural catastrophes, property damage, liability claims, mortality, longevity and other insurance risks.

The company operates through property and casualty reinsurance and life and health reinsurance. Its offerings include traditional treaty and facultative reinsurance, retrocession, structured reinsurance and alternative risk-transfer solutions.

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