Hannover Rueck (OTCMKTS:HVRRY) Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Hannover Rueck (OTCMKTS:HVRRY) from a hold rating to a buy rating in a research note released on Thursday, February 1st. Zacks Investment Research currently has $76.00 target price on the financial services provider’s stock.

According to Zacks, “Hannover Rueckversicherung AG provides reinsurance services. The Company’s operations are divided into four segments: property and casualty reinsurance, life and health reinsurance, financial reinsurance and specialty insurance. Hannover, through its subsidiaries, transacts all lines of non-life and life/health reinsurance. It offers non-life reinsurance products, including specialty lines comprising aviation and space; credit, surety, and political risks; marine, including offshore energy; and structured reinsurance products, which include insurance-linked securities. Hannover Rueckversicherung AG is based in Hannover, Germany. “

Several other equities research analysts have also recently weighed in on HVRRY. ValuEngine cut shares of Hannover Rueck from a buy rating to a hold rating in a research report on Wednesday, January 3rd. Credit Suisse Group upgraded shares of Hannover Rueck from a neutral rating to an outperform rating in a research report on Wednesday, January 17th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $76.00.

Shares of Hannover Rueck (HVRRY) traded up $0.67 during mid-day trading on Thursday, reaching $68.48. 350 shares of the company traded hands, compared to its average volume of 1,180. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.20. The company has a market cap of $16,516.97, a P/E ratio of 16.42 and a beta of 1.10. Hannover Rueck has a 12-month low of $56.02 and a 12-month high of $69.40.

Hannover Rueck (OTCMKTS:HVRRY) last posted its quarterly earnings data on Wednesday, November 8th. The financial services provider reported $0.06 earnings per share for the quarter. Hannover Rueck had a net margin of 5.36% and a return on equity of 9.55%. equities research analysts predict that Hannover Rueck will post 4.53 earnings per share for the current year.

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About Hannover Rueck

Hannover Rueck SE is a reinsurance company. The Company operates through two segments: Property & Casualty reinsurance and Life & Health reinsurance. The Company under the Property & Casualty reinsurance segment is engaged in marine and aviation reinsurance, credit and surety reinsurance, business written on the London Market, as well as direct business and facultative reinsurance.

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