Hannover Ruck (OTCMKTS:HVRRY) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Hannover Ruck SE (OTCMKTS:HVRRY)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty 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 trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on HVRRY shares. Zacks Research cut shares of Hannover Ruck from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Royal Bank Of Canada downgraded shares of Hannover Ruck from a “moderate buy” rating to a “hold” rating in a research note 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Hannover Ruck Stock Down 0.2%

The business’s fifty day moving average is $49.43 and its two-hundred day moving average is $49.69. The stock has a market cap of $34.23 billion, a price-to-earnings ratio of 12.45 and a beta of 0.35. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.33.

Hannover Ruck (OTCMKTS:HVRRY) last released its 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). The business had revenue of $8.21 billion for the quarter, compared to analyst estimates of $8.27 billion. Hannover Ruck had a return on equity of 19.35% and a net margin of 9.44%. Equities analysts forecast that Hannover Ruck SE will post 3.42 earnings per share for the current fiscal 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.