M?nchener R?ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Stock Crosses Above 50 Day Moving Average – Here’s Why

M?nchener R?ckversicherungs-Gesellschaft (OTCMKTS:MURGY)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $11.06 and traded as high as $12.01. M?nchener R?ckversicherungs-Gesellschaft shares last traded at $11.94, with a volume of 365,004 shares trading hands.

Analyst Ratings Changes

MURGY has been the topic of a number of recent analyst reports. 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 lowered 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, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

M?nchener R?ckversicherungs-Gesellschaft Price Performance

The stock has a market cap of $74.63 billion, a price-to-earnings ratio of 4.88, a PEG ratio of 1.83 and a beta of 0.39. The company’s 50 day moving average is $11.10 and its 200 day moving average is $11.92. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 1.14.

M?nchener R?ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last issued its earnings results on Tuesday, May 12th. The financial services provider reported $1.57 earnings per share for the quarter, topping the consensus estimate of $0.32 by $1.25. The company had revenue of $22.07 billion for the quarter, compared to analyst estimates of $19.86 billion. M?nchener R?ckversicherungs-Gesellschaft had a net margin of 11.28% and a return on equity of 21.44%. Research analysts forecast that M?nchener R?ckversicherungs-Gesellschaft will post 1.16 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.