Hannover Ruck (OTCMKTS:HVRRY) Trading Up 5.4% – Time to Buy?

Shares of Hannover Ruck SE (OTCMKTS:HVRRY) rose 5.4% during mid-day trading on Monday . The company traded as high as $50.77 and last traded at $50.77. 486 shares traded hands during trading, a decline of 98% from the average daily volume of 22,198 shares. The stock had previously closed at $48.19.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of Hannover Ruck from a “hold” rating to a “strong sell” rating in a research note on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Hannover Ruck Price Performance

The company’s 50 day moving average price is $48.52 and its 200-day moving average price is $48.59. The stock has a market cap of $35.85 billion, a P/E ratio of 12.26 and a beta of 0.19. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.28.

Hannover Ruck (OTCMKTS:HVRRY) last issued its quarterly earnings data on Wednesday, August 12th. The financial services provider reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. The company had revenue of $7.43 billion for the quarter, compared to analysts’ expectations of $7.23 billion. Hannover Ruck had a net margin of 9.33% and a return on equity of 18.15%. As a group, sell-side analysts expect that Hannover Ruck SE will post 4.45 earnings per share for the current year.

About Hannover Ruck

Hannover Rück SE, also known as Hannover Re, is a Germany-based global reinsurance group headquartered in Hannover. Founded in 1966, the company provides reinsurance solutions to insurance companies and other risk-bearing organizations rather than primarily selling insurance directly to individual consumers.

Hannover Re’s main business is divided into property and casualty reinsurance and life and health reinsurance. Its services include risk transfer, catastrophe coverage, specialty reinsurance, structured solutions and insurance-linked products.