Hannover Ruck (OTCMKTS:HVRRY) Issues Quarterly Earnings Results

Hannover Ruck (OTCMKTS:HVRRY) issued its quarterly earnings data on Wednesday. The financial services provider reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06, Zacks reports. Hannover Ruck had a return on equity of 19.51% and a net margin of 9.84%.

Hannover Ruck Trading Up 0.2%

Shares of HVRRY traded up $0.12 on Wednesday, hitting $48.17. 1,817 shares of the stock traded hands, compared to its average volume of 23,570. Hannover Ruck has a 1 year low of $43.00 and a 1 year high of $55.72. The stock’s 50 day moving average is $46.48 and its two-hundred day moving average is $48.45. The firm has a market capitalization of $34.86 billion, a P/E ratio of 11.39 and a beta of 0.20. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.28.

Analysts Set New Price Targets

HVRRY has been the subject of several recent analyst reports. Zacks Research cut shares of Hannover Ruck from a “hold” rating to a “strong sell” rating in a research note on Monday, June 22nd. 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, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Hannover Ruck currently has a consensus rating of “Moderate Buy”.

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.