Hannover Ruck (OTCMKTS:HVRRY – Get Free Report) released its quarterly earnings results on Monday. The financial services provider reported $1.05 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.02), Zacks reports. The company had revenue of $8.21 billion for the quarter, compared to analyst estimates of $8.27 billion. Hannover Ruck had a return on equity of 19.77% and a net margin of 9.33%.
Hannover Ruck Stock Up 0.5%
Shares of OTCMKTS:HVRRY traded up $0.23 during trading on Tuesday, reaching $50.29. 9,074 shares of the company traded hands, compared to its average volume of 9,224. The firm has a fifty day simple moving average of $49.13 and a 200 day simple moving average of $50.98. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.37. Hannover Ruck has a 1-year low of $41.49 and a 1-year high of $55.40. The firm has a market cap of $36.39 billion, a P/E ratio of 13.38 and a beta of 0.42.
Analyst Ratings Changes
Several research firms recently commented on HVRRY. Royal Bank Of Canada cut Hannover Ruck from a “moderate buy” rating to a “hold” rating in a research note on Monday, October 13th. Zacks Research upgraded Hannover Ruck from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, UBS Group raised shares of Hannover Ruck from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 12th. Three investment analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Hannover Ruck has an average rating of “Moderate Buy”.
About Hannover Ruck
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.
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