Zacks Research Downgrades M?nchener R?ckversicherungs-Gesellschaft (OTCMKTS:MURGY) to Hold

M?nchener R?ckversicherungs-Gesellschaft (OTCMKTS:MURGY) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Separately, Erste Group Bank lowered shares of M?nchener R?ckversicherungs-Gesellschaft from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

M?nchener R?ckversicherungs-Gesellschaft Stock Performance

Shares of MURGY opened at $11.25 on Tuesday. The company has a market capitalization of $71.98 billion, a PE ratio of 4.57, a price-to-earnings-growth ratio of 1.37 and a beta of 0.46. M?nchener R?ckversicherungs-Gesellschaft has a one year low of $10.73 and a one year high of $14.41. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 1.14. The company’s fifty day moving average price is $12.35 and its 200 day moving average price is $12.50.

M?nchener R?ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last announced 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. The firm had revenue of $22.07 billion for the quarter, compared to the consensus estimate of $19.86 billion. M?nchener R?ckversicherungs-Gesellschaft had a net margin of 11.28% and a return on equity of 21.44%. As a group, analysts expect that M?nchener R?ckversicherungs-Gesellschaft will post 1.39 earnings per share 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.