M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Raised to “Strong-Buy” at Erste Group Bank

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) was upgraded by equities researchers at Erste Group Bank from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other research analysts have also recently issued reports on the company. Zacks Research cut M�nchener R�ckversicherungs-Gesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 16th. Kepler Capital Markets began coverage on M�nchener R�ckversicherungs-Gesellschaft in a research report on Friday, January 16th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, M�nchener R�ckversicherungs-Gesellschaft has a consensus rating of “Moderate Buy”.

M�nchener R�ckversicherungs-Gesellschaft Price Performance

Shares of MURGY opened at $12.61 on Thursday. The company’s fifty day moving average price is $12.45 and its 200-day moving average price is $12.59. M�nchener R�ckversicherungs-Gesellschaft has a 1-year low of $11.31 and a 1-year high of $14.41. The firm has a market capitalization of $81.72 billion, a PE ratio of 7.12, a price-to-earnings-growth ratio of 1.45 and a beta of 0.48.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last issued its earnings results on Thursday, February 26th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.17. The company had revenue of $19.77 billion during the quarter, compared to analyst estimates of $19.51 billion. M�nchener R�ckversicherungs-Gesellschaft had a return on equity of 19.90% and a net margin of 10.19%. As a group, research analysts anticipate that M�nchener R�ckversicherungs-Gesellschaft will post 0.46 EPS for the current fiscal year.

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.