M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Stock Price Passes Below 50-Day Moving Average – Here’s What Happened

Shares of M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $11.94 and traded as low as $10.24. M�nchener R�ckversicherungs-Gesellschaft shares last traded at $10.3030, with a volume of 1,145,873 shares.

Analyst Upgrades and Downgrades

MURGY has been the topic of several analyst reports. Erste Group Bank downgraded M�nchener R�ckversicherungs-Gesellschaft from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. Zacks Research downgraded M�nchener R�ckversicherungs-Gesellschaft from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

M�nchener R�ckversicherungs-Gesellschaft Stock Up 0.8%

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market capitalization of $64.03 billion, a P/E ratio of 4.19, a P/E/G ratio of 1.50 and a beta of 0.40. The stock has a fifty day moving average price of $11.94 and a two-hundred day moving average price of $12.33.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last issued its quarterly earnings results on Tuesday, May 12th. The financial services provider reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $1.25. M�nchener R�ckversicherungs-Gesellschaft had a return on equity of 21.44% and a net margin of 11.28%.The business had revenue of $22.07 billion during the quarter, compared to the consensus estimate of $19.86 billion. Research analysts forecast that M�nchener R�ckversicherungs-Gesellschaft will post 1.17 EPS for the current year.

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.