HANNOVER RUECK/S (OTCMKTS:HVRRY) Upgraded by Zacks Investment Research to “Buy”

Zacks Investment Research upgraded shares of HANNOVER RUECK/S (OTCMKTS:HVRRY) from a hold rating to a buy rating in a research report released on Wednesday morning, Zacks.com reports. The firm currently has $108.00 target price on the financial services provider’s stock.

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. “

HVRRY has been the topic of several other reports. Morgan Stanley lowered HANNOVER RUECK/S from an overweight rating to an equal weight rating in a research note on Wednesday, November 27th. ValuEngine downgraded HANNOVER RUECK/S from a hold rating to a sell rating in a research note on Wednesday, October 2nd. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. HANNOVER RUECK/S currently has an average rating of Hold and a consensus price target of $108.00.

HVRRY traded up $0.31 during trading on Wednesday, hitting $96.50. 1,087 shares of the company traded hands, compared to its average volume of 1,765. HANNOVER RUECK/S has a one year low of $70.35 and a one year high of $98.16. The stock’s fifty day moving average is $95.61 and its 200 day moving average is $86.87. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.19 and a quick ratio of 0.19.

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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