Hannover Ruck (OTCMKTS:HVRRY) Upgraded at Zacks Research

Hannover Ruck (OTCMKTS:HVRRY) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks reports.

Hannover Ruck Trading Down 1.1%

OTCMKTS:HVRRY opened at $48.72 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.07 and a quick ratio of 0.07. Hannover Ruck has a fifty-two week low of $43.00 and a fifty-two week high of $55.72. The stock’s 50-day moving average is $48.63 and its two-hundred day moving average is $48.57. The stock has a market cap of $35.25 billion, a PE ratio of 12.06 and a beta of 0.19.

Hannover Ruck (OTCMKTS:HVRRY) last posted its quarterly earnings results on Wednesday, August 12th. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The business had revenue of $7.43 billion during the quarter, compared to analyst estimates of $7.23 billion. Hannover Ruck had a net margin of 9.33% and a return on equity of 18.15%. As a group, equities research analysts forecast that Hannover Ruck will post 4.45 earnings per share for the current fiscal 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.