M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Stock Short Interest Report for September

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 65,185 shares, a growth of 96.7% from the September 15th total of 33,141 shares. Based on an average trading volume of 2,922,752 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of M�nchener R�ckversicherungs-Gesellschaft from a “strong sell” rating to a “hold” rating in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

M�nchener R�ckversicherungs-Gesellschaft Trading Down 0.2%

Shares of MURGY stock traded down $0.02 during trading hours on Friday, hitting $12.24. 290,008 shares of the company were exchanged, compared to its average volume of 809,544. M�nchener R�ckversicherungs-Gesellschaft has a 1 year low of $10.09 and a 1 year high of $13.68. The firm has a fifty day moving average of $11.79 and a 200 day moving average of $11.69. The firm has a market cap of $77.00 billion, a PE ratio of 4.88, a PEG ratio of 1.96 and a beta of 0.36. 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 released its quarterly earnings results on Friday, August 7th. The financial services provider reported $0.41 EPS for the quarter, topping the consensus estimate of $0.30 by $0.11. The firm had revenue of $17.65 billion for the quarter, compared to analyst estimates of $18.75 billion. M�nchener R�ckversicherungs-Gesellschaft had a return on equity of 20.81% and a net margin of 11.49%. Analysts expect that M�nchener R�ckversicherungs-Gesellschaft will post 1.19 earnings per share for the current year.

M�nchener R�ckversicherungs-Gesellschaft Company Profile

Münchener Rückversicherungs-Gesellschaft AG, known internationally as Munich Re, is a Germany-based insurance group whose core business is reinsurance. Through its reinsurance operations, the company helps insurance providers manage and transfer risks arising from natural catastrophes, climate-related events, large property losses, liability claims, health expenses, and other complex exposures.

Munich Re also operates a primary insurance business through ERGO Group. ERGO provides insurance and related financial services to individuals and businesses, including life, health, property and casualty, legal expenses, and travel insurance.