M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Sees Large Increase in Short Interest

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 68,678 shares, a growth of 105.5% from the May 31st total of 33,412 shares. Based on an average daily trading volume, of 2,149,090 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

M�nchener R�ckversicherungs-Gesellschaft Trading Up 0.2%

OTCMKTS MURGY traded up $0.02 during trading hours on Tuesday, hitting $11.14. 498,228 shares of the company were exchanged, compared to its average volume of 783,271. M�nchener R�ckversicherungs-Gesellschaft has a 52 week low of $10.09 and a 52 week high of $14.41. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.22. The stock has a 50-day moving average price of $11.28 and a 200 day moving average price of $12.14. The stock has a market cap of $69.23 billion, a PE ratio of 4.53, a price-to-earnings-growth ratio of 1.60 and a beta of 0.40.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last posted its quarterly earnings data on Tuesday, May 12th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $1.25. The business had revenue of $22.07 billion during the quarter, compared to analyst estimates of $19.86 billion. M�nchener R�ckversicherungs-Gesellschaft had a return on equity of 21.44% and a net margin of 11.28%. Analysts forecast that M�nchener R�ckversicherungs-Gesellschaft will post 1.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Erste Group Bank lowered shares of M�nchener R�ckversicherungs-Gesellschaft from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. Zacks Research downgraded shares of M�nchener R�ckversicherungs-Gesellschaft from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 17th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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.