M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Issues Quarterly Earnings Results, Beats Expectations By $0.11 EPS

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) released its earnings results on Friday. The financial services provider reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.11, Zacks reports. M�nchener R�ckversicherungs-Gesellschaft had a net margin of 11.28% and a return on equity of 21.44%.

M�nchener R�ckversicherungs-Gesellschaft Trading Down 1.2%

Shares of MURGY stock traded down $0.15 during trading hours on Friday, hitting $11.91. 209,163 shares of the company were exchanged, compared to its average volume of 766,384. The firm has a market cap of $74.01 billion, a P/E ratio of 4.84, a P/E/G ratio of 1.83 and a beta of 0.39. M�nchener R�ckversicherungs-Gesellschaft has a fifty-two week low of $10.09 and a fifty-two week high of $13.68. 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 company has a 50 day simple moving average of $11.20 and a two-hundred day simple moving average of $11.91.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Zacks Research lowered shares of M�nchener R�ckversicherungs-Gesellschaft from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 17th. Erste Group Bank downgraded shares of M�nchener R�ckversicherungs-Gesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, M�nchener R�ckversicherungs-Gesellschaft has a consensus rating of “Hold”.

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.