M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Sees Significant Increase in Short Interest

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 68,678 shares, an increase of 105.5% from the May 31st total of 33,412 shares. Based on an average daily volume of 2,149,090 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on MURGY shares. Erste Group Bank lowered M�nchener R�ckversicherungs-Gesellschaft from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. Zacks Research cut M�nchener R�ckversicherungs-Gesellschaft from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 17th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, M�nchener R�ckversicherungs-Gesellschaft has an average rating of “Hold”.

M�nchener R�ckversicherungs-Gesellschaft Stock Performance

OTCMKTS MURGY opened at $11.17 on Wednesday. The business has a 50 day moving average price of $11.24 and a 200 day moving average price of $12.12. The company has a market capitalization of $69.41 billion, a P/E ratio of 4.54, a PEG ratio of 1.64 and a beta of 0.40. M�nchener R�ckversicherungs-Gesellschaft has a 1-year low of $10.09 and a 1-year high of $14.41. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 1.14.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last issued its quarterly earnings data on Tuesday, May 12th. The financial services provider reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $1.25. The firm had revenue of $22.07 billion for the quarter, compared to analysts’ expectations of $19.86 billion. M�nchener R�ckversicherungs-Gesellschaft had a net margin of 11.28% and a return on equity of 21.44%. Sell-side analysts expect that M�nchener R�ckversicherungs-Gesellschaft will post 1.16 EPS for the current fiscal 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.