Hannover Ruck (OTCMKTS:HVRRY) Sees Strong Trading Volume – Still a Buy?

Hannover Ruck SE (OTCMKTS:HVRRY) saw unusually-high trading volume on Monday . Approximately 13,081 shares traded hands during trading, an increase of 42% from the previous session’s volume of 9,237 shares.The stock last traded at $49.71 and had previously closed at $50.33.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Zacks Research cut shares of Hannover Ruck from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. UBS Group upgraded shares of Hannover Ruck from a “hold” rating to a “strong-buy” rating in a report on Friday, September 12th. Finally, Royal Bank Of Canada lowered shares of Hannover Ruck from a “moderate buy” rating to a “hold” rating in a research report on Monday, October 13th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Hannover Ruck Stock Down 0.2%

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 company has a fifty day simple moving average of $49.42 and a two-hundred day simple moving average of $50.84. The firm has a market capitalization of $35.73 billion, a PE ratio of 13.13 and a beta of 0.42.

Hannover Ruck (OTCMKTS:HVRRY) last released its quarterly earnings data on Monday, November 10th. The financial services provider reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.02). The firm had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $8.27 billion. Hannover Ruck had a net margin of 9.33% and a return on equity of 19.77%. Analysts forecast that Hannover Ruck SE will post 3.42 EPS 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.