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

Shares of Hannover Ruck SE (OTCMKTS:HVRRY) gapped down prior to trading on Friday . The stock had previously closed at $52.28, but opened at $50.88. Hannover Ruck shares last traded at $50.88, with a volume of 1,969 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HVRRY. UBS Group upgraded shares of Hannover Ruck from a “hold” rating to a “strong-buy” rating in a report on Friday, September 12th. 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. Finally, Zacks Research downgraded shares of Hannover Ruck from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Two analysts have rated the stock with a Strong Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Hannover Ruck Stock Down 2.8%

The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.33. The firm has a market cap of $36.63 billion, a PE ratio of 13.32 and a beta of 0.35. The business’s 50-day simple moving average is $50.01 and its 200 day simple moving average is $50.32.

Hannover Ruck (OTCMKTS:HVRRY) last announced its quarterly earnings results 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 business had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $8.27 billion. Hannover Ruck had a return on equity of 19.35% and a net margin of 9.44%. As a group, equities research analysts expect that Hannover Ruck SE will post 3.42 earnings per share for the current 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.