Hannover Rueck SE (HVRRY) Given Average Rating of “Hold” by Brokerages
Shares of Hannover Rueck SE (OTCMKTS:HVRRY) have been assigned a consensus recommendation of “Hold” from the nine analysts that are covering the stock. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $65.00.
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Hannover Rueck SE from a “buy” rating to a “hold” rating in a research report on Tuesday, March 21st. JPMorgan Chase & Co. lowered shares of Hannover Rueck SE from a “neutral” rating to an “underweight” rating in a research report on Thursday, January 5th.
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Shares of Hannover Rueck SE (OTCMKTS:HVRRY) traded up 0.50% during trading on Monday, hitting $58.10. 300 shares of the stock traded hands. Hannover Rueck SE has a 12 month low of $48.76 and a 12 month high of $58.78. The stock has a market cap of $14.01 billion, a PE ratio of 11.24 and a beta of 1.09. The firm’s 50-day moving average price is $57.59 and its 200-day moving average price is $55.34.
Hannover Rueck SE (OTCMKTS:HVRRY) last announced its quarterly earnings results on Thursday, March 9th. The financial services provider reported $1.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.25. The company had revenue of $4.38 billion for the quarter. Hannover Rueck SE had a net margin of 7.15% and a return on equity of 12.59%.
About Hannover Rueck SE
Hannover Rueck SE is a reinsurance company. The Company operates through two segments: Property & Casualty reinsurance and Life & Health reinsurance. The Company under the Property & Casualty reinsurance segment is engaged in marine and aviation reinsurance, credit and surety reinsurance, business written on the London Market, as well as direct business and facultative reinsurance.
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