Short Interest in M?nchener R?ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Decreases By 79.0%

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

M?nchener R?ckversicherungs-Gesellschaft Stock Performance

MURGY stock opened at $11.96 on Friday. The firm has a market cap of $74.32 billion, a PE ratio of 4.76, a price-to-earnings-growth 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. The stock has a 50-day moving average price of $11.64 and a 200-day moving average price of $11.89. 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 issued its quarterly earnings results on Friday, August 7th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.11. The firm had revenue of $17.65 billion for the quarter, compared to analyst estimates of $18.75 billion. M?nchener R?ckversicherungs-Gesellschaft had a return on equity of 21.19% and a net margin of 11.49%. As a group, equities research analysts expect that M?nchener R?ckversicherungs-Gesellschaft will post 1.18 earnings per share for the current year.

Wall Street Analyst Weigh In

MURGY has been the topic of several research reports. Erste Group Bank downgraded shares of M?nchener R?ckversicherungs-Gesellschaft from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. Zacks Research raised shares of M?nchener R?ckversicherungs-Gesellschaft from a “strong sell” rating to a “hold” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus 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.