Hannover Ruck (OTCMKTS:HVRRY) Shares Pass Below 50 Day Moving Average – What’s Next?

Hannover Ruck SE (OTCMKTS:HVRRY)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $49.43 and traded as low as $46.99. Hannover Ruck shares last traded at $47.30, with a volume of 30,166 shares traded.

Analysts Set New Price Targets

Several equities research analysts recently commented on HVRRY shares. Zacks Research lowered shares of Hannover Ruck from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Royal Bank Of Canada cut Hannover Ruck from a “moderate buy” rating to a “hold” rating in a research report on Monday, October 13th. Two research analysts have rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Hannover Ruck Price Performance

The firm has a market capitalization of $34.23 billion, a P/E ratio of 12.45 and a beta of 0.35. The firm has a 50-day moving average of $49.43 and a 200-day moving average of $49.67. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.14 and a current ratio of 0.14.

Hannover Ruck (OTCMKTS:HVRRY) last announced its quarterly earnings results on Monday, November 10th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.02). Hannover Ruck had a net margin of 9.44% and a return on equity of 19.35%. The business had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $8.27 billion. As a group, analysts predict that Hannover Ruck SE will post 3.42 EPS 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.