Hannover Rück (OTCMKTS:HVRRY) Hits New 1-Year High at $107.55

Hannover Rück SE (OTCMKTS:HVRRY – Get Rating) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $107.55 and last traded at $107.39, with a volume of 19620 shares traded. The stock had previously closed at $105.85.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on HVRRY shares. Bank of America upgraded shares of Hannover Rück from an “underperform” rating to a “neutral” rating in a research report on Monday, March 27th. HSBC cut Hannover Rück from a “buy” rating to a “hold” rating in a report on Thursday, February 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $183.67.

Hannover Rück Trading Up 1.5 %

The business has a 50-day moving average price of $100.66 and a two-hundred day moving average price of $97.91. The company has a market cap of $25.90 billion, a P/E ratio of 14.90 and a beta of 0.71. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.51.

Hannover Rück (OTCMKTS:HVRRY – Get Rating) last issued its earnings results on Thursday, March 9th. The financial services provider reported $2.27 earnings per share for the quarter, missing analysts’ consensus estimates of $2.28 by ($0.01). The business had revenue of $8.95 billion during the quarter. Hannover Rück had a net margin of 5.26% and a return on equity of 17.62%.

Hannover Rück Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, May 18th. Shareholders of record on Friday, May 5th were issued a dividend of $0.4037 per share. The ex-dividend date of this dividend was Thursday, May 4th. This represents a yield of 2.3%. Hannover Rück’s payout ratio is 28.33%.

About Hannover Rück

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Hannover Rück SE engages in the provision of reinsurance activities. It operates through the Property and Casualty Reinsurance, and Life and Health Reinsurance business segments. The Property and Casualty Reinsurance segment refers to lines of business concerned with the insurance of property, such as liability, fire, hail or marine insurance.