M?nchener R?ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Stock Gets Downgrade from Zacks Research

M?nchener R?ckversicherungs-Gesellschaft (OTCMKTS:MURGY) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Monday, Zacks reports.

M?nchener R?ckversicherungs-Gesellschaft Trading Up 1.2%

Shares of MURGY stock opened at $12.33 on Monday. M?nchener R?ckversicherungs-Gesellschaft has a 12 month low of $10.09 and a 12 month high of $13.68. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average is $11.81 and its two-hundred day moving average is $11.69. The company has a market cap of $77.56 billion, a PE ratio of 4.91, a price-to-earnings-growth ratio of 2.18 and a beta of 0.36.

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, beating analysts’ consensus estimates of $0.30 by $0.11. M?nchener R?ckversicherungs-Gesellschaft had a net margin of 11.49% and a return on equity of 20.81%. The company had revenue of $17.65 billion for the quarter, compared to analyst estimates of $18.75 billion. Equities analysts predict that M?nchener R?ckversicherungs-Gesellschaft will post 1.19 EPS for the current year.

M?nchener R?ckversicherungs-Gesellschaft Company Profile

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München, commonly known as Munich Re, is a Germany-based insurance group and one of the world’s major reinsurance providers. Through its reinsurance business, the company helps primary insurers manage and transfer risks arising from property damage, natural catastrophes, liability, accidents, life and health events, and other exposures.

Munich Re also provides specialty insurance and risk-management solutions, including coverage and services for corporate clients, infrastructure, cyber risks, and emerging technologies.