M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Sees Large Volume Increase – Still a Buy?

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) shares saw an uptick in trading volume on Monday . Approximately 789,967 shares were traded during trading, an increase of 4% from the previous session’s volume of 757,460 shares.The stock last traded at $12.02 and had previously closed at $11.96.

Analysts Set New Price Targets

MURGY has been the topic of several research reports. Zacks Research raised M�nchener R�ckversicherungs-Gesellschaft from a “strong sell” rating to a “hold” rating in a report on Friday, August 7th. 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, May 12th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

M�nchener R�ckversicherungs-Gesellschaft Price 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 market capitalization of $75.01 billion, a price-to-earnings ratio of 4.81, a P/E/G ratio of 1.80 and a beta of 0.39. The company has a 50-day moving average of $11.45 and a 200-day moving average of $11.90.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last posted its earnings results on Friday, August 7th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.11. The firm had revenue of $17.65 billion for the quarter, compared to analyst estimates of $18.75 billion. M�nchener R�ckversicherungs-Gesellschaft had a return on equity of 21.19% and a net margin of 11.49%. As a group, equities research analysts expect 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 (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.