M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Reaches New 1-Year Low – Here’s What Happened

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as $10.63 and last traded at $10.6470, with a volume of 31362 shares changing hands. The stock had previously closed at $10.81.

Analysts Set New Price Targets

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

M�nchener R�ckversicherungs-Gesellschaft Stock Down 2.0%

The stock has a market cap of $65.81 billion, a P/E ratio of 4.30, a P/E/G ratio of 1.61 and a beta of 0.46. The company’s 50 day moving average price is $12.21 and its two-hundred day moving average price is $12.45. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.22.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last issued 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 company had revenue of $22.07 billion for the quarter, compared to analyst estimates of $19.86 billion. M�nchener R�ckversicherungs-Gesellschaft had a net margin of 11.28% and a return on equity of 21.44%. As a group, research analysts expect that M�nchener R�ckversicherungs-Gesellschaft will post 1.17 earnings per share for the current 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.