M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Short Interest Down 92.8% in May

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 7,407 shares, a decline of 92.8% from the April 30th total of 102,395 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 1,804,744 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

MURGY has been the subject of a number of analyst reports. Erste Group Bank downgraded M�nchener R�ckversicherungs-Gesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. Zacks Research downgraded M�nchener R�ckversicherungs-Gesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold”.

M�nchener R�ckversicherungs-Gesellschaft Price Performance

OTCMKTS MURGY traded down $0.12 during trading on Wednesday, hitting $10.83. 760,229 shares of the company’s stock were exchanged, compared to its average volume of 603,345. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.22. The company has a market cap of $67.30 billion, a PE ratio of 4.40, a P/E/G ratio of 1.58 and a beta of 0.46. M�nchener R�ckversicherungs-Gesellschaft has a fifty-two week low of $10.73 and a fifty-two week high of $14.41. The stock’s 50 day moving average price is $12.24 and its two-hundred day moving average price is $12.46.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last issued its earnings results on Tuesday, May 12th. The financial services provider reported $1.57 EPS for the quarter, topping the consensus estimate of $0.32 by $1.25. M�nchener R�ckversicherungs-Gesellschaft had a return on equity of 21.44% and a net margin of 11.28%.The firm had revenue of $22.07 billion during the quarter, compared to the consensus estimate of $19.86 billion. Research analysts expect that M�nchener R�ckversicherungs-Gesellschaft will post 1.17 EPS for the current 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.