M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Shares Shorted: Short Interest Up 1,807.9% in October

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 1,243,647 shares, a growth of 1,807.9% from the September 30th total of 65,185 shares. Based on an average daily volume of 1,042,275 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of M�nchener R�ckversicherungs-Gesellschaft from a “hold” rating to a “strong sell” rating in a research report on Monday, October 19th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

M�nchener R�ckversicherungs-Gesellschaft Stock Down 0.0%

M�nchener R�ckversicherungs-Gesellschaft stock traded down $0.00 during mid-day trading on Monday, reaching $12.44. 410,057 shares of the company were exchanged, compared to its average volume of 515,955. The firm has a market cap of $78.23 billion, a P/E ratio of 4.96, a PEG ratio of 2.23 and a beta of 0.36. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.14 and a current ratio of 1.14. The business has a fifty day moving average of $11.84 and a 200 day moving average of $11.91. M�nchener R�ckversicherungs-Gesellschaft has a 12-month low of $10.09 and a 12-month high of $13.68.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last issued its quarterly earnings results on Friday, August 7th. The financial services provider reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.11. The business 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 return on equity of 20.81% and a net margin of 11.49%. Research analysts anticipate that M�nchener R�ckversicherungs-Gesellschaft will post 1.18 earnings per share for the current fiscal 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.