Hannover Ruck SE (OTCMKTS:HVRRY – Get Free Report)’s stock price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $48.65 and traded as low as $44.6555. Hannover Ruck shares last traded at $44.6650, with a volume of 27,869 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank upgraded shares of Hannover Ruck to a “strong-buy” rating in a research note 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 company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.
Read Our Latest Stock Report on HVRRY
Hannover Ruck Price Performance
Hannover Ruck (OTCMKTS:HVRRY – Get Free Report) last announced its earnings results on Monday, May 11th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $8.54 billion. As a group, equities research analysts forecast that Hannover Ruck SE will post 4.46 EPS for the current year.
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.
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