Hannover Rueck SE (HVRRY) Lifted to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Hannover Rueck SE (NASDAQ:HVRRY) from a hold rating to a buy rating in a report issued on Tuesday morning. They currently have $62.00 price objective on the 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. “

Other equities analysts have also issued research reports about the company. HSBC Holdings plc raised Hannover Rueck SE from a hold rating to a buy rating in a research note on Monday, December 12th. Societe Generale lowered Hannover Rueck SE from a buy rating to a hold rating in a research note on Friday, December 16th. Finally, J P Morgan Chase & Co lowered Hannover Rueck SE from a neutral rating to an underweight rating in a research note on Thursday, January 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $62.00.

Analyst Recommendations for Hannover Rueck SE (NASDAQ:HVRRY)

Shares of Hannover Rueck SE (NASDAQ:HVRRY) opened at 54.82 on Tuesday. The stock’s 50 day moving average price is $54.44 and its 200-day moving average price is $53.44. Hannover Rueck SE has a 52 week low of $48.76 and a 52 week high of $60.02. The stock has a market cap of $13.22 billion and a price-to-earnings ratio of 10.66.

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About Hannover Rueck SE

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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