Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) Issues Earnings Results

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) released its quarterly earnings data on Wednesday. The financial services provider reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01), Zacks reports. Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München had a net margin of 8.61% and a return on equity of 18.94%.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Price Performance

Shares of OTCMKTS MURGY traded up $0.27 during mid-day trading on Wednesday, hitting $11.20. 263,680 shares of the stock were exchanged, compared to its average volume of 353,813. Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München has a twelve month low of $8.44 and a twelve month high of $11.44. The stock’s fifty day simple moving average is $10.60 and its two-hundred day simple moving average is $10.53. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market cap of $74.91 billion, a P/E ratio of 7.28, a PEG ratio of 1.72 and a beta of 1.03.

Analysts Set New Price Targets

MURGY has been the topic of several recent analyst reports. UBS Group lowered Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 19th. Barclays raised Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München to a “strong-buy” rating in a report on Tuesday, January 28th.

About Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München engages in the insurance and reinsurance businesses worldwide. It also offers life and health reinsurance solutions, such as digital underwriting and advanced analytics solutions, health insurance management system, financial market risks, financing, portfolio risk management, digitalized investment-linked solution, MIRA digital suite, MIRA POS, MIRApply insured and physician, claims risk adjustment, CLARA plus, data analytics, underwriting and claims, medical research, capital management, and health market.