Hannover Ruck (OTCMKTS:HVRRY) Posts Earnings Results, Beats Estimates By $0.09 EPS

Hannover Ruck (OTCMKTS:HVRRY) released its earnings results on Monday. The financial services provider reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09, Zacks reports. Hannover Ruck had a net margin of 9.33% and a return on equity of 18.00%.

Hannover Ruck Stock Performance

OTCMKTS:HVRRY opened at $54.25 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.06 and a quick ratio of 0.06. The firm has a market cap of $39.25 billion, a price-to-earnings ratio of 13.43 and a beta of 0.14. The firm’s fifty day moving average price is $50.39 and its 200 day moving average price is $48.97. Hannover Ruck has a 1-year low of $43.00 and a 1-year high of $57.38.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Hannover Ruck from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy”.

About Hannover Ruck

Hannover Rück SE, commonly known as Hannover Re, is a Germany-based reinsurance company headquartered in Hannover. Founded in 1966, it provides risk transfer and related services to insurers and other clients around the world.

The company’s main business areas are property and casualty reinsurance and life and health reinsurance. Its offerings include coverage for risks such as natural catastrophes, property damage, liability, mortality and longevity, as well as tailored reinsurance and risk management solutions.

Hannover Re serves clients internationally through a network of subsidiaries and branches.