M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Sets New 1-Year Low – What’s Next?

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) reached a new 52-week low on Monday . The company traded as low as $11.70 and last traded at $11.72, with a volume of 4645 shares changing hands. The stock had previously closed at $11.92.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on MURGY shares. Erste Group Bank upgraded M�nchener R�ckversicherungs-Gesellschaft from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 2nd. Kepler Capital Markets started coverage on M�nchener R�ckversicherungs-Gesellschaft in a report on Friday, January 16th. They issued a “buy” rating for the company. Finally, Zacks Research upgraded M�nchener R�ckversicherungs-Gesellschaft from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Strong Buy”.

M�nchener R�ckversicherungs-Gesellschaft Stock Performance

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 stock has a fifty day simple moving average of $12.61 and a two-hundred day simple moving average of $12.60. The stock has a market capitalization of $74.79 billion, a price-to-earnings ratio of 6.60, a P/E/G ratio of 0.47 and a beta of 0.46.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last released its quarterly earnings data on Thursday, February 26th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.17. The company had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.51 billion. M�nchener R�ckversicherungs-Gesellschaft had a net margin of 10.19% and a return on equity of 19.10%. Analysts forecast that M�nchener R�ckversicherungs-Gesellschaft will post 4.37 earnings per share for the current fiscal 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.