M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Shares Gap Down – Should You Sell?

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY)’s share price gapped down before the market opened on Monday . The stock had previously closed at $12.77, but opened at $12.40. M�nchener R�ckversicherungs-Gesellschaft shares last traded at $12.5399, with a volume of 45,198 shares.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of M�nchener R�ckversicherungs-Gesellschaft from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. Two analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

M�nchener R�ckversicherungs-Gesellschaft Trading Down 0.7%

The firm has a market capitalization of $80.54 billion, a P/E ratio of 7.01, a PEG ratio of 1.22 and a beta of 0.52. The business’s 50 day moving average is $12.72 and its two-hundred day moving average is $12.87. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.20.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last released its earnings results on Tuesday, November 11th. The financial services provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.34 by $0.02. The firm had revenue of $20.21 billion for the quarter, compared to analysts’ expectations of $19.35 billion. M�nchener R�ckversicherungs-Gesellschaft had a net margin of 10.34% and a return on equity of 19.63%. Analysts expect that M�nchener R�ckversicherungs-Gesellschaft will post 0.46 EPS for the current year.

About M�nchener R�ckversicherungs-Gesellschaft

Münchener Rückversicherungs-Gesellschaft (OTCMKTS:MURGY), commonly known as Munich Re, is a global reinsurance company headquartered in Munich, Germany. The firm’s core business is providing reinsurance solutions to primary insurers, covering property–casualty and life & health risks. Munich Re also offers specialty reinsurance products for complex or large-scale exposures and develops tailored risk-transfer solutions for clients facing catastrophic, industrial, or longevity risks.

In addition to its reinsurance operations, Munich Re conducts primary insurance activities through its ERGO Group subsidiary, which markets life, health, property & casualty, and legal protection insurance to retail and corporate customers.