Hannover Ruck (OTCMKTS:HVRRY) Shares Gap Down – Here’s Why

Hannover Ruck SE (OTCMKTS:HVRRY) gapped down prior to trading on Monday. The stock had previously closed at $57.0680, but opened at $53.80. Hannover Ruck shares last traded at $53.80, with a volume of 404 shares.

Analyst Upgrades and Downgrades

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

Hannover Ruck Price Performance

The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.06 and a current ratio of 0.06. The stock has a market cap of $39.83 billion, a price-to-earnings ratio of 13.25 and a beta of 0.14. The business’s fifty day simple moving average is $50.59 and its 200 day simple moving average is $49.05.

Hannover Ruck (OTCMKTS:HVRRY) last announced its earnings results on Monday, November 9th. The financial services provider reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.09. The company had revenue of $7.36 billion during the quarter, compared to the consensus estimate of $7.28 billion. Hannover Ruck had a return on equity of 17.82% and a net margin of 9.41%. Research analysts predict that Hannover Ruck SE will post 4.20 EPS for the current fiscal year.

About Hannover Ruck

Hannover Rück SE, commonly known as Hannover Re, is a Germany-based reinsurance company headquartered in Hannover. Founded in 1966, it provides risk transfer and related services to insurers and other clients around the world. The company’s main business areas are property and casualty reinsurance and life and health reinsurance. Its offerings include coverage for risks such as natural catastrophes, property damage, liability, mortality and longevity, as well as tailored reinsurance and risk management solutions.