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

Shares of M?nchener R?ckversicherungs-Gesellschaft (OTCMKTS:MURGY) gapped down prior to trading on Monday. The stock had previously closed at $13.33, but opened at $12.64. M?nchener R?ckversicherungs-Gesellschaft shares last traded at $12.6725, with a volume of 5,101 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut M?nchener R?ckversicherungs-Gesellschaft from a “hold” rating to a “strong sell” rating in a research note on Monday, October 19th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

M?nchener R?ckversicherungs-Gesellschaft Price Performance

The firm has a market capitalization of $79.89 billion, a price-to-earnings ratio of 5.06, a price-to-earnings-growth ratio of 2.27 and a beta of 0.32. The stock’s fifty day moving average price is $11.98 and its two-hundred day moving average price is $11.94. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.22.

M?nchener R?ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last issued its earnings results on Friday, August 7th. The financial services provider reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.11. The firm had revenue of $17.65 billion during the quarter, compared to the consensus estimate of $18.75 billion. M?nchener R?ckversicherungs-Gesellschaft had a net margin of 11.49% and a return on equity of 20.81%. Equities research analysts expect that M?nchener R?ckversicherungs-Gesellschaft will post 1.18 EPS for the current year.

About M?nchener R?ckversicherungs-Gesellschaft

Munich Re, formally Münchener Rückversicherungs-Gesellschaft, is a global reinsurance and insurance group founded in 1880 and headquartered in Munich, Germany. It provides reinsurance and related risk-management services to insurers, businesses and public-sector organizations.

Its reinsurance business covers property and casualty risks as well as life and health insurance, offering products and services that help clients manage and transfer risk. The group also serves customers directly through ERGO, its primary insurance business, which offers insurance and other financial services.

Munich Re operates internationally, serving clients across a broad range of markets and regions.