Shares of Hannover Ruck SE (OTCMKTS:HVRRY – Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $45.45 and last traded at $45.9750, with a volume of 10627 shares. The stock had previously closed at $46.21.
Wall Street Analyst Weigh In
Separately, Berenberg Bank upgraded shares of Hannover Ruck to a “strong-buy” rating in a research report on Tuesday, May 5th. Two equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy”.
Get Our Latest Research Report on HVRRY
Hannover Ruck Stock Up 1.4%
Hannover Ruck (OTCMKTS:HVRRY – Get Free Report) last released its quarterly earnings results on Monday, May 11th. The financial services provider reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.40). Hannover Ruck had a net margin of 9.84% and a return on equity of 20.27%. The business had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.54 billion. As a group, equities research analysts anticipate that Hannover Ruck SE will post 4.67 EPS for the current year.
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.
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