Hannover Ruck (OTCMKTS:HVRRY) Issues Earnings Results

Hannover Ruck (OTCMKTS:HVRRY) posted its quarterly earnings results on Wednesday. The financial services provider reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06, Zacks reports. Hannover Ruck had a return on equity of 19.51% and a net margin of 9.84%.

Hannover Ruck Stock Performance

HVRRY stock traded up $0.12 during trading on Wednesday, hitting $48.17. 1,817 shares of the company’s stock traded hands, compared to its average volume of 23,570. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.28. Hannover Ruck has a 52 week low of $43.00 and a 52 week high of $55.72. The stock has a fifty day moving average price of $46.48 and a two-hundred day moving average price of $48.45. The stock has a market capitalization of $34.86 billion, a price-to-earnings ratio of 11.39 and a beta of 0.20.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HVRRY. Zacks Research downgraded shares of Hannover Ruck from a “hold” rating to a “strong sell” rating in a research note on Monday, June 22nd. Berenberg Bank raised Hannover Ruck to a “strong-buy” rating in a research report on Tuesday, May 5th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

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.