M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Short Interest Down 79.0% in August

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) was the target of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 58,737 shares, a drop of 79.0% from the July 30th total of 280,024 shares. Based on an average trading volume of 637,271 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MURGY. Zacks Research raised M�nchener R�ckversicherungs-Gesellschaft from a “strong sell” rating to a “hold” rating in a research note on Friday, August 7th. Erste Group Bank cut M�nchener R�ckversicherungs-Gesellschaft from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

M�nchener R�ckversicherungs-Gesellschaft Stock Performance

Shares of MURGY stock opened at $12.04 on Wednesday. The stock’s fifty day simple moving average is $11.59 and its 200-day simple moving average is $11.89. The company has a market capitalization of $74.82 billion, a price-to-earnings ratio of 4.80, a P/E/G ratio of 1.81 and a beta of 0.39. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.22. M�nchener R�ckversicherungs-Gesellschaft has a 1-year low of $10.09 and a 1-year high of $13.68.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last released its earnings results on Friday, August 7th. The financial services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.11. The company had revenue of $17.65 billion for the quarter, compared to analysts’ expectations of $18.75 billion. M�nchener R�ckversicherungs-Gesellschaft had a return on equity of 21.19% and a net margin of 11.49%. On average, sell-side analysts predict that M�nchener R�ckversicherungs-Gesellschaft will post 1.18 earnings per share for the current fiscal 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.