Zacks Investment Research Upgrades HANNOVER RUECK/S (HVRRY) to “Hold”

HANNOVER RUECK/S (OTCMKTS:HVRRY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Saturday.

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. “

OTCMKTS:HVRRY opened at $71.45 on Friday. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $17.04 billion, a price-to-earnings ratio of 15.91 and a beta of 1.05. HANNOVER RUECK/S has a 52 week low of $60.88 and a 52 week high of $72.20.

HANNOVER RUECK/S (OTCMKTS:HVRRY) last posted its quarterly earnings data on Thursday, August 9th. The financial services provider reported $1.40 EPS for the quarter. The firm had revenue of $5.61 billion during the quarter. HANNOVER RUECK/S had a net margin of 5.54% and a return on equity of 11.20%. Equities analysts forecast that HANNOVER RUECK/S will post 4.83 earnings per share for the current year.

HANNOVER RUECK/S Company Profile

Hannover Rück SE, together with its subsidiaries, provides reinsurance products and services worldwide. It operates through Property & Casualty Reinsurance, and Life & Health Reinsurance segments. The Property & Casualty Reinsurance segment offers specialty lines comprising marine, aviation, facultative, credit, surety, and political risks reinsurance products; and treaty, catastrophe XL, and structured reinsurance, as well as insurance-linked securities.

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