M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Sees Large Volume Increase – Here’s What Happened

Shares of M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) saw unusually-high trading volume on Friday . Approximately 1,040,957 shares traded hands during mid-day trading, an increase of 86% from the previous session’s volume of 559,892 shares.The stock last traded at $10.9320 and had previously closed at $10.81.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on MURGY shares. Kepler Capital Markets began coverage on shares of M�nchener R�ckversicherungs-Gesellschaft in a research report on Friday, January 16th. They set a “buy” rating on the stock. 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. Finally, Zacks Research upgraded shares of M�nchener R�ckversicherungs-Gesellschaft from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, M�nchener R�ckversicherungs-Gesellschaft presently has an average rating of “Buy”.

M�nchener R�ckversicherungs-Gesellschaft Stock Up 1.4%

The company has a fifty day moving average price of $12.44 and a 200-day moving average price of $12.55. The firm has a market capitalization of $70.12 billion, a PE ratio of 4.46, a PEG ratio of 0.43 and a beta of 0.46. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.14 and a current ratio of 1.14.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last announced its quarterly earnings data on Tuesday, May 12th. The financial services provider reported $1.57 EPS for the quarter, beating the consensus estimate of $0.32 by $1.25. M�nchener R�ckversicherungs-Gesellschaft had a return on equity of 21.44% and a net margin of 11.28%.The company had revenue of $22.07 billion for the quarter, compared to the consensus estimate of $19.86 billion. As a group, analysts expect that M�nchener R�ckversicherungs-Gesellschaft will post 4.37 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.