Scor (OTCMKTS:SCRYY) Sets New 12-Month High - Here's What Happened

Scor Se (OTCMKTS:SCRYY - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $3.40 and last traded at $3.29, with a volume of 10976 shares traded. The stock had previously closed at $3.31.

Analysts Set New Price Targets

SCRYY has been the subject of several research reports. The Goldman Sachs Group raised Scor to a "strong-buy" rating in a research note on Monday, March 24th. Royal Bank of Canada restated an "outperform" rating on shares of Scor in a report on Thursday, March 6th. Finally, UBS Group downgraded Scor from a "strong-buy" rating to a "hold" rating in a report on Monday, March 31st. Two analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy".

Scor Stock Up 4.3%

The business has a fifty day simple moving average of $3.01 and a 200-day simple moving average of $2.74. The firm has a market cap of $6.09 billion, a P/E ratio of -84.75 and a beta of 0.75.

Scor (OTCMKTS:SCRYY - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.04. The business had revenue of $5.58 billion during the quarter, compared to the consensus estimate of $4.69 billion. Scor had a negative return on equity of 1.46% and a negative net margin of 0.42%. On average, sell-side analysts anticipate that Scor Se will post -0.01 EPS for the current fiscal year.

Scor Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, May 21st. Stockholders of record on Friday, May 2nd were issued a dividend of $0.1375 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a dividend yield of 4.32%. Scor's payout ratio is presently -325.00%.

Scor Company Profile

SCOR SE, together with its subsidiaries, provides life and non-life reinsurance products in Europe, the Middle East, Africa, the Americas, Latin America, and Asia Pacific. It operates in two segments, SCOR P&C and SCOR L&H. The SCOR P&C segment offers reinsurance products in the areas of property, motors, casualty treaties, credit and surety, decennial insurance, aviation, marine and energy, engineering, agricultural risks, and property catastrophes; specialties insurance products, including business solutions, political and credit risks, cyber, and environmental liability; and business ventures and partnerships.