Short Interest in Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) Declines By 51.8%

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) was the target of a large decline in short interest in September. As of September 30th, there was short interest totalling 7,900 shares, a decline of 51.8% from the September 15th total of 16,400 shares. Based on an average trading volume of 92,700 shares, the days-to-cover ratio is presently 0.1 days.

MURGY has been the topic of several recent research reports. Commerzbank lowered shares of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from a “buy” rating to a “hold” rating in a research note on Monday, July 19th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München in a research note on Tuesday, September 7th. Societe Generale reiterated a “buy” rating on shares of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München in a research note on Friday, August 13th. DZ Bank upgraded shares of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from a “hold” rating to a “buy” rating in a research note on Wednesday, July 21st. Finally, UBS Group reiterated a “buy” rating on shares of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München in a research note on Friday, September 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Shares of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München stock traded down $0.08 during trading on Thursday, hitting $27.77. 26,788 shares of the stock were exchanged, compared to its average volume of 45,420. The stock has a market capitalization of $38.90 billion, a price-to-earnings ratio of 15.34 and a beta of 1.01. The company has a fifty day moving average price of $28.62 and a 200-day moving average price of $28.81. Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München has a 1-year low of $23.03 and a 1-year high of $32.73. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.14.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) last released its quarterly earnings data on Tuesday, August 10th. The financial services provider reported $0.95 earnings per share for the quarter. The company had revenue of $20.64 billion for the quarter. Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München had a net margin of 3.47% and a return on equity of 7.20%.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Company Profile

Münchener Rückversicherungs-Gesellschaft AG engages in the provision of insurance and reinsurance services. It operates through the following segments: Life and Health Reinsurance; Property-Casualty Reinsurance; ERGO Life and Health Germany; EGRO Property-Casualty Germany; and ERGO International. The Life and Health Reinsurance segment includes global life and health reinsurance business.

See Also: Should You Consider an Index Fund?

Receive News & Ratings for Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München and related companies with MarketBeat.com's FREE daily email newsletter.