M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Trading Down 6.8% – Time to Sell?

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) shares dropped 6.8% during trading on Wednesday . The company traded as low as $11.39 and last traded at $11.39. 13,216 shares changed hands during trading, a decline of 98% from the average session volume of 779,658 shares. The stock had previously closed at $12.22.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded M�nchener R�ckversicherungs-Gesellschaft from a “strong sell” rating to a “hold” rating in a research note on Friday, August 7th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

M�nchener R�ckversicherungs-Gesellschaft Stock Up 0.7%

The firm’s 50 day moving average price is $11.84 and its two-hundred day moving average price is $11.84. The firm has a market capitalization of $71.84 billion, a PE ratio of 4.61, a P/E/G ratio of 1.72 and a beta of 0.38. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.22.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last released its quarterly earnings results on Friday, August 7th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.11. The firm had revenue of $17.65 billion for the quarter, compared to the consensus estimate of $18.75 billion. M�nchener R�ckversicherungs-Gesellschaft had a net margin of 11.49% and a return on equity of 21.19%. As a group, research analysts forecast that M�nchener R�ckversicherungs-Gesellschaft will post 1.19 EPS for the current fiscal year.

About M�nchener R�ckversicherungs-Gesellschaft

Münchener Rückversicherungs-Gesellschaft AG, known as Munich Re, is a Germany-based insurance group that provides reinsurance and primary insurance services. Through its reinsurance operations, the company helps insurance carriers manage and transfer risks arising from property damage, natural catastrophes, liability, life and health events, cyber incidents and other exposures.

Munich Re also serves individuals and businesses through its ERGO insurance group. ERGO offers products including property and casualty insurance, life insurance, health insurance and legal protection coverage.