Hannover Rück SE (OTCMKTS:HVRRY) Short Interest Down 23.0% in May

Hannover Rück SE (OTCMKTS:HVRRY) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 4,700 shares, a decrease of 23.0% from the April 30th total of 6,100 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 8,800 shares, the days-to-cover ratio is presently 0.5 days.

Hannover Rück Stock Performance

Shares of HVRRY stock traded up $0.47 during mid-day trading on Monday, reaching $53.17. The stock had a trading volume of 3,450 shares, compared to its average volume of 6,407. The firm’s 50 day simple moving average is $51.77 and its 200 day simple moving average is $47.08. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.39. Hannover Rück has a one year low of $38.40 and a one year high of $55.40. The firm has a market cap of $38.47 billion, a PE ratio of 15.73 and a beta of 0.47.

Hannover Rück (OTCMKTS:HVRRY) last announced its quarterly earnings data on Tuesday, May 13th. The financial services provider reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.10). Hannover Rück had a return on equity of 19.44% and a net margin of 8.78%. The firm had revenue of $8.06 billion during the quarter, compared to the consensus estimate of $7.10 billion. On average, analysts forecast that Hannover Rück will post 3.42 EPS for the current year.

Hannover Rück Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, May 22nd. Investors of record on Monday, May 12th were given a dividend of $0.2709 per share. The ex-dividend date was Friday, May 9th. This represents a dividend yield of 0.5%. Hannover Rück’s dividend payout ratio (DPR) is presently 27.46%.

Analyst Ratings Changes

HVRRY has been the subject of several recent analyst reports. Hsbc Global Res upgraded Hannover Rück to a “hold” rating in a research note on Monday, April 28th. The Goldman Sachs Group upgraded Hannover Rück to a “strong-buy” rating in a research report on Monday, March 24th.

About Hannover Rück

Hannover Rück SE, together with its subsidiaries, provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally. It operates through Property & Casualty Reinsurance; and Life & Health Reinsurance segments.