M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Releases Earnings Results, Beats Expectations By $0.11 EPS

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) released its earnings results on Friday. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.11, Zacks reports. M�nchener R�ckversicherungs-Gesellschaft had a return on equity of 21.44% and a net margin of 11.28%.

M�nchener R�ckversicherungs-Gesellschaft Stock Down 1.2%

OTCMKTS MURGY traded down $0.15 on Friday, reaching $11.91. The stock had a trading volume of 209,163 shares, compared to its average volume of 766,384. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.22. M�nchener R�ckversicherungs-Gesellschaft has a 1 year low of $10.09 and a 1 year high of $13.68. The business has a 50 day moving average price of $11.20 and a 200 day moving average price of $11.91. The company has a market capitalization of $74.01 billion, a price-to-earnings ratio of 4.84, a P/E/G ratio of 1.83 and a beta of 0.39.

Analyst Ratings Changes

Several research analysts recently weighed in on MURGY shares. Erste Group Bank lowered M�nchener R�ckversicherungs-Gesellschaft from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. Zacks Research lowered M�nchener R�ckversicherungs-Gesellschaft from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 17th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus 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.