Hannover Re shares: expert assesses development and price target for 2024

Hannover Re's securities (Hannover Re shares) are currently trading somewhat lighter on the German stock market. Most recently, investors paid 226.20 euros for the paper. In German securities trading, Hannover Re's share price has now fallen by 1.05 percent. The price of the share certificate fell by 2.40 euros. The price for the security is currently 226.20 euros. The Hannover Re share has so far performed worse than the overall market, as measured by the DAX (DAX). This is quoted at 16,666 points. The DAX is currently down 0.10 percent. Hannover Re's security recorded its lowest price to date on September 21, 2001. At that time, the share price was 12.79 euros, 213.41 euros less than its current price.

The company Hannover Re

Hannover Rück SE, together with its subsidiaries, offers reinsurance products and services worldwide. She specializes in property & liability reinsurance and life & health reinsurance. The company provides property and casualty reinsurance solutions for various industries.

The comparison with the peer group

This is how experts see the Hannover Re share

The Hannover Re share was recently subjected to an analysis. The major Swiss bank UBS raised the price target for Hannover Re from 185 to 199 euros in an outlook for 2024, but left the rating at “Sell”. According to a study on the European insurance industry available on Wednesday, analyst Will Hardcastle, on the one hand, prefers reinsurers as a sub-industry. On the other hand, he prefers insurers who specialize in individual insurance rather than commercial insurance.

According to a report by m.ariva.de,