Hannover Ruck (HVRRY) Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Hannover Ruck (OTCMKTS:HVRRY) from a buy rating to a hold rating in a report published on Wednesday morning.

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. “

A number of other equities research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. raised shares of Hannover Ruck from an underweight rating to a neutral rating in a research note on Wednesday, September 27th. ValuEngine cut shares of Hannover Ruck from a buy rating to a hold rating in a research note on Wednesday, January 3rd.

Shares of Hannover Ruck (OTCMKTS HVRRY) traded up $1.29 during trading on Wednesday, hitting $65.49. 797 shares of the stock were exchanged, compared to its average volume of 1,023. Hannover Ruck has a 12 month low of $53.50 and a 12 month high of $65.81. The stock has a market cap of $15,480.00, a PE ratio of 15.57 and a beta of 1.13. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.20.

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About Hannover Ruck

Hannover Rueck SE is a reinsurance company. The Company operates through two segments: Property & Casualty reinsurance and Life & Health reinsurance. The Company under the Property & Casualty reinsurance segment is engaged in marine and aviation reinsurance, credit and surety reinsurance, business written on the London Market, as well as direct business and facultative reinsurance.

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