Hannover Ruck (OTCMKTS:HVRRY) Raised to “Strong-Buy” at Zacks Research

Hannover Ruck (OTCMKTS:HVRRY) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

Separately, UBS Group upgraded Hannover Ruck from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 12th. Three investment analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy”.

Hannover Ruck Stock Performance

OTCMKTS:HVRRY opened at $50.50 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a market capitalization of $36.54 billion, a PE ratio of 13.43 and a beta of 0.44. Hannover Ruck has a fifty-two week low of $41.49 and a fifty-two week high of $55.40. The company has a fifty day moving average of $49.58 and a two-hundred day moving average of $51.06.

Hannover Ruck (OTCMKTS:HVRRY) last announced its earnings results on Tuesday, August 12th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.26. Hannover Ruck had a net margin of 9.33% and a return on equity of 19.77%. The business had revenue of $7.96 billion for the quarter, compared to analyst estimates of $7.34 billion. As a group, research analysts forecast that Hannover Ruck will post 3.42 earnings per share for the current fiscal year.

Hannover Ruck Company Profile

Hannover Rück SE, together with its subsidiaries, provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally. It operates through Property & Casualty Reinsurance; and Life & Health Reinsurance segments.