Hannover Ruck SE (OTCMKTS:HVRRY) Sees Large Decline in Short Interest

Hannover Ruck SE (OTCMKTS:HVRRY) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 8,241 shares, a decrease of 44.2% from the July 15th total of 14,774 shares. Based on an average daily volume of 25,050 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the company are sold short.

Hannover Ruck Stock Performance

Shares of HVRRY traded up $0.38 on Monday, reaching $49.28. 1,642 shares of the stock traded hands, compared to its average volume of 23,262. The firm has a market cap of $35.66 billion, a price-to-earnings ratio of 12.20 and a beta of 0.20. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.07 and a quick ratio of 0.07. Hannover Ruck has a 12 month low of $43.00 and a 12 month high of $55.72. The stock’s 50-day moving average price is $46.78 and its 200-day moving average price is $48.49.

Hannover Ruck (OTCMKTS:HVRRY) last announced its quarterly earnings data on Wednesday, August 12th. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. The company had revenue of $7.43 billion during the quarter, compared to analysts’ expectations of $7.23 billion. Hannover Ruck had a net margin of 9.33% and a return on equity of 18.15%. Equities analysts forecast that Hannover Ruck will post 4.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Hannover Ruck Company Profile

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.