Hannover Ruck (OTCMKTS:HVRRY) Lowered to Strong Sell Rating by Zacks Research

Zacks Research downgraded shares of Hannover Ruck (OTCMKTS:HVRRY) from a hold rating to a strong sell rating in a research note published on Monday,Zacks.com reports.

Separately, Berenberg Bank upgraded Hannover Ruck to a “strong-buy” rating in a research note on Tuesday, May 5th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Hannover Ruck Trading Down 0.6%

Shares of HVRRY stock opened at $44.63 on Monday. The company’s fifty day simple moving average is $47.77 and its two-hundred day simple moving average is $49.03. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.07 and a quick ratio of 0.06. Hannover Ruck has a 1 year low of $43.00 and a 1 year high of $55.72. The stock has a market capitalization of $32.29 billion, a price-to-earnings ratio of 10.55 and a beta of 0.20.

Hannover Ruck (OTCMKTS:HVRRY) last posted its quarterly earnings results on Monday, May 11th. The financial services provider reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.40). Hannover Ruck had a return on equity of 19.51% and a net margin of 9.84%.The company had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.54 billion. As a group, analysts anticipate that Hannover Ruck will post 4.46 earnings per share for the current year.

About Hannover Ruck

Hannover Rück (OTCMKTS: HVRRY), commonly known as Hannover Re, is a global reinsurance group headquartered in Hannover, Germany. The company underwrites treaty and facultative reinsurance across a broad spectrum of risks, including property & casualty and life & health lines. Its product suite encompasses traditional proportional and non‑proportional treaty contracts, facultative placements, structured reinsurance, retrocession, and capital market–linked solutions such as insurance‑linked securities, tailored to transfer and manage insurance risk for primary insurers and other reinsurers.

Founded in the 1960s, Hannover Re has developed into one of the major international reinsurers, building a presence across Europe, the Americas, Asia‑Pacific and other global markets.