Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) Announces Quarterly Earnings Results

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) posted its quarterly earnings data on Tuesday. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.71, Zacks reports. Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München had a return on equity of 18.94% and a net margin of 8.61%.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Stock Performance

Shares of MURGY stock traded down $0.45 during trading hours on Tuesday, reaching $12.93. The company had a trading volume of 563,012 shares, compared to its average volume of 299,768. The business has a fifty day moving average price of $12.91 and a 200-day moving average price of $11.37. The firm has a market cap of $86.48 billion, a PE ratio of 8.41, a price-to-earnings-growth ratio of 1.72 and a beta of 0.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.12 and a current ratio of 1.12. Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München has a one year low of $9.29 and a one year high of $14.10.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Hsbc Global Res raised Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München to a “hold” rating in a report on Monday, April 28th. Barclays raised Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München to a “strong-buy” rating in a research note on Tuesday, January 28th. Finally, The Goldman Sachs Group downgraded shares of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Five equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München has an average rating of “Hold”.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Company Profile

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München engages in the insurance and reinsurance businesses worldwide. It also offers life and health reinsurance solutions, such as digital underwriting and advanced analytics solutions, health insurance management system, financial market risks, financing, portfolio risk management, digitalized investment-linked solution, MIRA digital suite, MIRA POS, MIRApply insured and physician, claims risk adjustment, CLARA plus, data analytics, underwriting and claims, medical research, capital management, and health market.