M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Posts Earnings Results, Beats Expectations By $0.11 EPS

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) posted its quarterly earnings results on Friday. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.11, Zacks reports. M�nchener R�ckversicherungs-Gesellschaft had a return on equity of 21.44% and a net margin of 11.28%.The business had revenue of $17.65 billion for the quarter, compared to analyst estimates of $18.75 billion.

M�nchener R�ckversicherungs-Gesellschaft Price Performance

Shares of OTCMKTS:MURGY opened at $11.91 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.22. The firm’s 50 day moving average is $11.22 and its two-hundred day moving average is $11.91. The firm has a market capitalization of $74.01 billion, a P/E ratio of 4.75, a PEG ratio of 1.82 and a beta of 0.39. M�nchener R�ckversicherungs-Gesellschaft has a 52 week low of $10.09 and a 52 week high of $13.68.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Zacks Research cut shares of M�nchener R�ckversicherungs-Gesellschaft from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 17th. Erste Group Bank lowered shares of M�nchener R�ckversicherungs-Gesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

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.