M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Releases Quarterly Earnings Results, Beats Estimates By $1.25 EPS

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) issued its earnings results on Tuesday. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $1.25, Zacks reports. M�nchener R�ckversicherungs-Gesellschaft had a return on equity of 19.10% and a net margin of 10.19%.

M�nchener R�ckversicherungs-Gesellschaft Trading Down 6.1%

M�nchener R�ckversicherungs-Gesellschaft stock traded down $0.71 during midday trading on Tuesday, reaching $10.93. 91,268 shares of the stock traded hands, compared to its average volume of 535,197. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.22. The firm has a market cap of $69.93 billion, a PE ratio of 6.18, a price-to-earnings-growth ratio of 0.47 and a beta of 0.46. The company has a 50-day simple moving average of $12.56 and a two-hundred day simple moving average of $12.59. M�nchener R�ckversicherungs-Gesellschaft has a 12-month low of $10.91 and a 12-month high of $14.41.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Kepler Capital Markets started coverage on M�nchener R�ckversicherungs-Gesellschaft in a research report on Friday, January 16th. They set a “buy” rating on the stock. Zacks Research upgraded shares of M�nchener R�ckversicherungs-Gesellschaft from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Finally, Erste Group Bank upgraded shares of M�nchener R�ckversicherungs-Gesellschaft from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 2nd. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Strong Buy”.

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.