M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Releases Earnings Results, Hits Estimates

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) announced its earnings results on Thursday. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17, reports. M�nchener R�ckversicherungs-Gesellschaft had a return on equity of 19.63% and a net margin of 10.34%.The business had revenue of $19.77 billion for the quarter, compared to analyst estimates of $19.51 billion.

M�nchener R�ckversicherungs-Gesellschaft Stock Performance

OTCMKTS MURGY traded down $0.15 during trading on Thursday, reaching $12.98. 408,747 shares of the company’s stock were exchanged, compared to its average volume of 565,606. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.13 and a quick ratio of 1.13. The business has a 50 day moving average price of $12.58 and a 200-day moving average price of $12.65. The stock has a market capitalization of $84.11 billion, a P/E ratio of 7.38, a PEG ratio of 1.41 and a beta of 0.49. M�nchener R�ckversicherungs-Gesellschaft has a fifty-two week low of $11.23 and a fifty-two week high of $14.41.

Wall Street Analyst Weigh In

A number of analysts have recently commented on MURGY shares. Kepler Capital Markets assumed coverage on shares of M�nchener R�ckversicherungs-Gesellschaft in a research report on Friday, January 16th. They issued a “buy” rating on the stock. Zacks Research lowered shares of M�nchener R�ckversicherungs-Gesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 16th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

M�nchener R�ckversicherungs-Gesellschaft Company Profile

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.