M?nchener R?ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Shares Down 6.8% – What’s Next?

M?nchener R?ckversicherungs-Gesellschaft (OTCMKTS:MURGY) shares traded down 6.8% during mid-day trading on Wednesday . The stock traded as low as $11.39 and last traded at $11.39. Approximately 13,216 shares changed hands during trading, a decline of 98% from the average daily volume of 779,658 shares. The stock had previously closed at $12.22.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. 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. Erste Group Bank cut M?nchener R?ckversicherungs-Gesellschaft from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

M?nchener R?ckversicherungs-Gesellschaft Price Performance

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 stock has a fifty day simple moving average of $11.83 and a two-hundred day simple moving average of $11.85. The company has a market cap of $71.22 billion, a PE ratio of 4.57, a price-to-earnings-growth ratio of 1.83 and a beta of 0.38.

M?nchener R?ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last posted its quarterly earnings results on Friday, August 7th. The financial services provider reported $0.41 EPS for the quarter, beating the consensus estimate of $0.30 by $0.11. M?nchener R?ckversicherungs-Gesellschaft had a return on equity of 21.19% and a net margin of 11.49%.The business had revenue of $17.65 billion during the quarter, compared to analysts’ expectations of $18.75 billion. On average, equities analysts predict that M?nchener R?ckversicherungs-Gesellschaft will post 1.19 EPS for the current fiscal year.

M?nchener R?ckversicherungs-Gesellschaft Company Profile

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.