M?nchener R?ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Stock Rating Cut to “Strong Sell” at Zacks Research

M?nchener R?ckversicherungs-Gesellschaft (OTCMKTS:MURGY) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Monday, Zacks reports.

M?nchener R?ckversicherungs-Gesellschaft Stock Performance

OTCMKTS:MURGY opened at $12.33 on Monday. 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 stock has a 50-day simple moving average of $11.81 and a two-hundred day simple moving average of $11.69. The firm has a market capitalization of $77.56 billion, a PE ratio of 4.91, a P/E/G ratio of 2.18 and a beta of 0.36. M?nchener R?ckversicherungs-Gesellschaft has a 52-week low of $10.09 and a 52-week high of $13.68.

M?nchener R?ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last announced its quarterly earnings data on Friday, August 7th. The financial services provider reported $0.41 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $18.75 billion. Analysts forecast that M?nchener R?ckversicherungs-Gesellschaft will post 1.19 EPS for the current year.

M?nchener R?ckversicherungs-Gesellschaft Company Profile

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München, commonly known as Munich Re, is a Germany-based insurance group and one of the world’s major reinsurance providers. Through its reinsurance business, the company helps primary insurers manage and transfer risks arising from property damage, natural catastrophes, liability, accidents, life and health events, and other exposures.

Munich Re also provides specialty insurance and risk-management solutions, including coverage and services for corporate clients, infrastructure, cyber risks, and emerging technologies.