HANNOVER RUECK/S (OTCMKTS:HVRRY) Downgraded by Zacks Investment Research to Sell

Zacks Investment Research lowered shares of HANNOVER RUECK/S (OTCMKTS:HVRRY) from a hold rating to a sell rating in a research note published on Friday morning, Zacks.com reports.

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. “

Other analysts have also issued research reports about the company. JPMorgan Chase & Co. lowered HANNOVER RUECK/S from a neutral rating to an underweight rating in a research note on Monday, September 16th. ValuEngine downgraded HANNOVER RUECK/S from a hold rating to a sell rating in a research report on Wednesday, October 2nd.

OTCMKTS:HVRRY opened at $88.10 on Friday. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.24. The stock’s 50 day moving average price is $83.63 and its two-hundred day moving average price is $79.17. The firm has a market capitalization of $21.07 billion, a price-to-earnings ratio of 15.57 and a beta of 0.78. HANNOVER RUECK/S has a 12-month low of $64.80 and a 12-month high of $88.10.

HANNOVER RUECK/S (OTCMKTS:HVRRY) last released its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $1.72 earnings per share (EPS) for the quarter. The firm had revenue of $5.86 billion for the quarter. HANNOVER RUECK/S had a return on equity of 11.84% and a net margin of 5.83%. Equities research analysts expect that HANNOVER RUECK/S will post 5.66 EPS 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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