Hannover Ruck (OTCMKTS:HVRRY) Sees Large Volume Increase – Here’s Why

Hannover Ruck SE (OTCMKTS:HVRRY) saw unusually-high trading volume on Tuesday . Approximately 50,728 shares were traded during mid-day trading, an increase of 122% from the previous session’s volume of 22,833 shares.The stock last traded at $43.7550 and had previously closed at $43.17.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upgraded Hannover Ruck to a “strong-buy” rating in a research report on Tuesday, May 5th. Two investment analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Hannover Ruck Trading Up 1.7%

The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.30. The business has a fifty day simple moving average of $49.50 and a 200 day simple moving average of $49.42. The company has a market cap of $31.77 billion, a price-to-earnings ratio of 10.38 and a beta of 0.20.

Hannover Ruck (OTCMKTS:HVRRY) last released its quarterly earnings data on Monday, May 11th. The financial services provider reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.40). Hannover Ruck had a return on equity of 20.27% and a net margin of 9.84%.The company had revenue of $8.16 billion for the quarter, compared to analysts’ expectations of $8.54 billion. On average, equities analysts anticipate that Hannover Ruck SE will post 4.67 EPS for the current fiscal year.

Hannover Ruck Company Profile

Hannover Rück (OTCMKTS: HVRRY), commonly known as Hannover Re, is a global reinsurance group headquartered in Hannover, Germany. The company underwrites treaty and facultative reinsurance across a broad spectrum of risks, including property & casualty and life & health lines. Its product suite encompasses traditional proportional and non‑proportional treaty contracts, facultative placements, structured reinsurance, retrocession, and capital market–linked solutions such as insurance‑linked securities, tailored to transfer and manage insurance risk for primary insurers and other reinsurers.

Founded in the 1960s, Hannover Re has developed into one of the major international reinsurers, building a presence across Europe, the Americas, Asia‑Pacific and other global markets.