M?nchener R?ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Shares Gap Up – Still a Buy?

M?nchener R?ckversicherungs-Gesellschaft (OTCMKTS:MURGY) shares gapped up before the market opened on Thursday. The stock had previously closed at $11.88, but opened at $12.42. M?nchener R?ckversicherungs-Gesellschaft shares last traded at $12.28, with a volume of 79,629 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded M?nchener R?ckversicherungs-Gesellschaft from a “strong sell” rating to a “hold” rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

M?nchener R?ckversicherungs-Gesellschaft Trading Up 2.4%

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market capitalization of $76.87 billion, a PE ratio of 4.87, a P/E/G ratio of 1.94 and a beta of 0.36. The stock’s 50-day simple moving average is $11.78 and its 200-day simple moving average is $11.69.

M?nchener R?ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last announced its earnings results on Friday, August 7th. The financial services provider reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.11. M?nchener R?ckversicherungs-Gesellschaft had a net margin of 11.49% and a return on equity of 20.81%. The firm had revenue of $17.65 billion for the quarter, compared to analyst estimates of $18.75 billion. As a group, sell-side analysts expect that M?nchener R?ckversicherungs-Gesellschaft will post 1.20 EPS for the current fiscal year.

About M?nchener R?ckversicherungs-Gesellschaft

Münchener Rückversicherungs-Gesellschaft AG, known internationally as Munich Re, is a Germany-based insurance group whose core business is reinsurance. Through its reinsurance operations, the company helps insurance providers manage and transfer risks arising from natural catastrophes, climate-related events, large property losses, liability claims, health expenses, and other complex exposures.

Munich Re also operates a primary insurance business through ERGO Group. ERGO provides insurance and related financial services to individuals and businesses, including life, health, property and casualty, legal expenses, and travel insurance.