M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Stock Passes Below 50-Day Moving Average – Here’s Why

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $12.53 and traded as low as $12.24. M�nchener R�ckversicherungs-Gesellschaft shares last traded at $12.37, with a volume of 673,099 shares changing hands.

Wall Street Analyst Weigh In

Several research firms recently commented on MURGY. Kepler Capital Markets began coverage on shares of M�nchener R�ckversicherungs-Gesellschaft in a report on Friday, January 16th. They issued a “buy” rating for the company. Zacks Research lowered shares of M�nchener R�ckversicherungs-Gesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 16th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, M�nchener R�ckversicherungs-Gesellschaft presently has an average rating of “Hold”.

M�nchener R�ckversicherungs-Gesellschaft Trading Down 0.8%

The stock has a market cap of $79.51 billion, a price-to-earnings ratio of 6.93, a price-to-earnings-growth ratio of 1.41 and a beta of 0.47. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.13 and a current ratio of 1.13. The company’s 50 day simple moving average is $12.51 and its two-hundred day simple moving average is $12.63.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last posted its quarterly earnings results on Thursday, February 26th. The financial services provider reported $0.17 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.17. The company had revenue of $19.77 billion during the quarter, compared to the consensus estimate of $19.51 billion. M�nchener R�ckversicherungs-Gesellschaft had a return on equity of 19.90% and a net margin of 10.19%. Research analysts expect that M�nchener R�ckversicherungs-Gesellschaft will post 0.46 EPS for the current fiscal 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.