Hannover Rück (OTCMKTS:HVRRY) Upgraded to “Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of Hannover Rück (OTCMKTS:HVRRY) from a hold rating to a buy rating in a research report released on Wednesday morning, Zacks.com reports. They currently have $105.00 price objective on the financial services provider’s stock.
According to Zacks, “Hannover Rueckversicherung AG provides reinsurance services. The Company’s operations are divided into four segments: property and casualty reinsurance, life and health reinsurance, financial reinsurance and specialty insurance. Hannover, through its subsidiaries, transacts all lines of non-life and life/health reinsurance. It offers non-life reinsurance products, including specialty lines comprising aviation and space; credit, surety, and political risks; marine, including offshore energy; and structured reinsurance products, which include insurance-linked securities. Hannover Rueckversicherung AG is based in Hannover, Germany. “
A number of other brokerages have also weighed in on HVRRY. JPMorgan Chase & Co. restated an overweight rating on shares of Hannover Rück in a report on Wednesday, March 17th. Barclays reaffirmed an underweight rating on shares of Hannover Rück in a report on Friday, January 29th. Societe Generale raised Hannover Rück from a hold rating to a buy rating in a research report on Monday, January 25th. Deutsche Bank Aktiengesellschaft reissued a buy rating on shares of Hannover Rück in a research report on Monday, March 15th. Finally, DZ Bank reissued a buy rating on shares of Hannover Rück in a report on Thursday, March 11th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of $105.00.
About Hannover Rück
Hannover RÃ¼ck SE, together with its subsidiaries, provides reinsurance products and services worldwide. It operates through Property & Casualty Reinsurance, and Life & Health Reinsurance segments. The Property & Casualty Reinsurance segment offers specialty lines comprising marine, aviation, facultative and direct business, credit, surety, and political risks reinsurance products; and treaty, catastrophe XL, and structured reinsurance, as well as insurance-linked securities.
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