M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Rating Lowered to “Hold” at Zacks Research

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Separately, 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 research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

M�nchener R�ckversicherungs-Gesellschaft Stock Up 1.3%

Shares of OTCMKTS MURGY opened at $11.25 on Tuesday. M�nchener R�ckversicherungs-Gesellschaft has a one year low of $10.73 and a one year high of $14.41. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 1.14. The business’s fifty day moving average price is $12.35 and its 200-day moving average price is $12.50. The stock has a market capitalization of $71.98 billion, a PE ratio of 4.57, a P/E/G ratio of 1.37 and a beta of 0.46.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last issued its quarterly earnings results on Tuesday, May 12th. The financial services provider reported $1.57 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $22.07 billion for the quarter, compared to analysts’ expectations of $19.86 billion. On average, equities research analysts anticipate that M�nchener R�ckversicherungs-Gesellschaft will post 1.39 EPS for the current year.

About M�nchener R�ckversicherungs-Gesellschaft

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.