M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Shares Gap Down – What’s Next?

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) shares gapped down before the market opened on Tuesday . The stock had previously closed at $12.22, but opened at $11.64. M�nchener R�ckversicherungs-Gesellschaft shares last traded at $11.5835, with a volume of 42,069 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded M�nchener R�ckversicherungs-Gesellschaft from a “strong sell” rating to a “hold” rating in a research note on Friday, August 7th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

M�nchener R�ckversicherungs-Gesellschaft Stock Down 0.9%

The company’s 50-day moving average price is $11.83 and its 200 day moving average price is $11.84. 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 stock has a market cap of $71.34 billion, a PE ratio of 4.57, a price-to-earnings-growth ratio of 1.73 and a beta of 0.38.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last posted its quarterly earnings data on Friday, August 7th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.11. M�nchener R�ckversicherungs-Gesellschaft had a net margin of 11.49% and a return on equity of 21.19%. The company had revenue of $17.65 billion for the quarter, compared to the consensus estimate of $18.75 billion. As a group, analysts forecast that M�nchener R�ckversicherungs-Gesellschaft will post 1.19 EPS for the current fiscal year.

About M�nchener R�ckversicherungs-Gesellschaft

Münchener Rückversicherungs-Gesellschaft AG, known as Munich Re, is a Germany-based insurance group that provides reinsurance and primary insurance services. Through its reinsurance operations, the company helps insurance carriers manage and transfer risks arising from property damage, natural catastrophes, liability, life and health events, cyber incidents and other exposures.

Munich Re also serves individuals and businesses through its ERGO insurance group. ERGO offers products including property and casualty insurance, life insurance, health insurance and legal protection coverage.