Hannover Rück (OTCMKTS:HVRRY) Reaches New 52-Week High at $102.68

Hannover Rück SE (OTCMKTS:HVRRY – Get Rating) shares reached a new 52-week high on Friday . The company traded as high as $102.68 and last traded at $102.68, with a volume of 1362 shares. The stock had previously closed at $101.99.

Wall Street Analysts Forecast Growth

HVRRY has been the topic of a number of recent research reports. Credit Suisse Group decreased their price target on shares of Hannover Rück from €174.00 ($189.13) to €171.00 ($185.87) in a research note on Monday, October 24th. Societe Generale reduced their target price on shares of Hannover Rück from €201.50 ($219.02) to €200.00 ($217.39) and set a “buy” rating on the stock in a research note on Wednesday, December 14th. Royal Bank of Canada boosted their target price on shares of Hannover Rück from €174.00 ($189.13) to €184.00 ($200.00) in a research note on Monday, November 7th. JPMorgan Chase & Co. boosted their target price on shares of Hannover Rück from €190.00 ($206.52) to €210.00 ($228.26) and gave the company an “overweight” rating in a research note on Thursday, December 8th. Finally, Barclays reduced their price target on shares of Hannover Rück from €140.00 ($152.17) to €133.70 ($145.33) and set an “underweight” rating on the stock in a research report on Thursday, October 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $184.59.

Hannover Rück Trading Up 0.7 %

The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $24.77 billion, a P/E ratio of 18.21 and a beta of 0.72. The business has a 50 day moving average price of $97.21 and a 200 day moving average price of $83.28.

Hannover Rück (OTCMKTS:HVRRY – Get Rating) last announced its quarterly earnings results on Thursday, November 3rd. The financial services provider reported $0.93 EPS for the quarter. The company had revenue of $8.28 billion during the quarter. Hannover Rück had a return on equity of 11.49% and a net margin of 4.18%. Analysts anticipate that Hannover Rück SE will post 5.97 EPS for the current year.

Hannover Rück Company Profile

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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.