M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Issues Earnings Results

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) posted its earnings results on Friday. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.11, Zacks reports. M�nchener R�ckversicherungs-Gesellschaft had a net margin of 11.28% and a return on equity of 21.44%.

M�nchener R�ckversicherungs-Gesellschaft Stock Performance

Shares of OTCMKTS MURGY traded down $0.15 during trading hours on Friday, hitting $11.91. 209,163 shares of the stock were exchanged, compared to its average volume of 766,384. M�nchener R�ckversicherungs-Gesellschaft has a one year low of $10.09 and a one year high of $13.68. The company’s 50 day moving average is $11.20 and its 200 day moving average is $11.91. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $74.01 billion, a P/E ratio of 4.84, a P/E/G ratio of 1.83 and a beta of 0.39.

Analyst Ratings Changes

Several research firms recently issued reports on MURGY. Zacks Research lowered shares of M�nchener R�ckversicherungs-Gesellschaft from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 17th. Erste Group Bank downgraded shares of M�nchener R�ckversicherungs-Gesellschaft from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold”.

M�nchener R�ckversicherungs-Gesellschaft Company Profile

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.