M?nchener R?ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Releases Earnings Results

M?nchener R?ckversicherungs-Gesellschaft (OTCMKTS:MURGY) posted its quarterly earnings results on Tuesday. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $1.25, Zacks reports. The firm had revenue of $22.07 billion for the quarter, compared to analysts’ expectations of $19.86 billion. M?nchener R?ckversicherungs-Gesellschaft had a return on equity of 21.44% and a net margin of 11.28%.

M?nchener R?ckversicherungs-Gesellschaft Trading Up 1.3%

Shares of OTCMKTS MURGY traded up $0.14 during trading on Thursday, reaching $10.90. The company had a trading volume of 238,456 shares, compared to its average volume of 548,334. The company’s fifty day moving average price is $12.47 and its 200-day moving average price is $12.56. M?nchener R?ckversicherungs-Gesellschaft has a 12 month low of $10.73 and a 12 month high of $14.41. The stock has a market cap of $69.71 billion, a P/E ratio of 4.43, a PEG ratio of 0.43 and a beta of 0.46. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.22.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Kepler Capital Markets began coverage on M?nchener R?ckversicherungs-Gesellschaft in a report on Friday, January 16th. They issued a “buy” rating on the stock. Erste Group Bank cut M?nchener R?ckversicherungs-Gesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Finally, Zacks Research raised M?nchener R?ckversicherungs-Gesellschaft from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

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.