Hannover Ruck (OTCMKTS:HVRRY) Hits New 1-Year High – Still a Buy?

Hannover Ruck SE (OTCMKTS:HVRRY)’s share price reached a new 52-week high during trading on Wednesday. The stock traded as high as $55.76 and last traded at $55.68, with a volume of 516 shares. The stock had previously closed at $54.66.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Hannover Ruck from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 15th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Hannover Ruck Trading Down 5.0%

The business’s 50-day simple moving average is $50.30 and its two-hundred day simple moving average is $48.93. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $39.22 billion, a PE ratio of 13.42 and a beta of 0.14.

Hannover Ruck (OTCMKTS:HVRRY) last announced its earnings results on Wednesday, August 12th. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Hannover Ruck had a return on equity of 18.00% and a net margin of 9.33%. The business had revenue of $7.43 billion for the quarter, compared to analyst estimates of $7.23 billion. On average, analysts predict that Hannover Ruck SE will post 4.20 earnings per share for the current year.

Hannover Ruck Company Profile

Hannover Rück SE, also known as Hannover Re, is a Germany-based global reinsurance company. It provides reinsurance and related risk-transfer solutions to primary insurance companies, helping them manage exposures arising from natural catastrophes, property damage, liability claims, mortality, longevity and other insurance risks.

The company operates through property and casualty reinsurance and life and health reinsurance. Its offerings include traditional treaty and facultative reinsurance, retrocession, structured reinsurance and alternative risk-transfer solutions.