M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Releases Earnings Results, Hits Estimates

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) released its earnings results on Thursday. The financial services provider reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17, reports. The firm had revenue of $19.77 billion during the quarter, compared to the consensus estimate of $19.51 billion. M�nchener R�ckversicherungs-Gesellschaft had a net margin of 10.34% and a return on equity of 19.63%.

M�nchener R�ckversicherungs-Gesellschaft Price Performance

Shares of OTCMKTS MURGY opened at $13.01 on Friday. The stock’s 50-day simple moving average is $12.59 and its two-hundred day simple moving average is $12.65. M�nchener R�ckversicherungs-Gesellschaft has a twelve month low of $11.23 and a twelve month high of $14.41. The firm has a market capitalization of $84.31 billion, a P/E ratio of 7.39, a P/E/G ratio of 1.42 and a beta of 0.49. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.20.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Kepler Capital Markets assumed coverage on M�nchener R�ckversicherungs-Gesellschaft in a research report on Friday, January 16th. They set a “buy” rating on the stock. Zacks Research downgraded shares of M�nchener R�ckversicherungs-Gesellschaft from a “strong-buy” rating to a “hold” rating in a report on Monday, February 16th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

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.