Hannover Ruck (OTCMKTS:HVRRY) Sees Large Volume Increase – Here’s What Happened

Shares of Hannover Ruck SE (OTCMKTS:HVRRY) saw strong trading volume on Monday . 36,951 shares were traded during mid-day trading, an increase of 302% from the previous session’s volume of 9,200 shares.The stock last traded at $50.39 and had previously closed at $48.40.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HVRRY. Royal Bank Of Canada lowered Hannover Ruck from a “moderate buy” rating to a “hold” rating in a report on Monday, October 13th. UBS Group raised shares of Hannover Ruck from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 12th. Finally, Zacks Research raised shares of Hannover Ruck from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Three equities research analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Hannover Ruck presently has an average rating of “Moderate Buy”.

Hannover Ruck Stock Up 3.4%

The stock has a fifty day moving average of $49.10 and a 200 day moving average of $51.01. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a market capitalization of $36.22 billion, a P/E ratio of 13.31 and a beta of 0.42.

Hannover Ruck (OTCMKTS:HVRRY) last announced its earnings results on Tuesday, August 12th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.26. The firm had revenue of $7.96 billion during the quarter, compared to analyst estimates of $7.34 billion. Hannover Ruck had a return on equity of 19.77% and a net margin of 9.33%. On average, research analysts anticipate that Hannover Ruck SE will post 3.42 EPS for the current fiscal year.

Hannover Ruck Company Profile

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.