Short Interest in M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Drops By 58.6%

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 24,319 shares, a decline of 58.6% from the August 15th total of 58,737 shares. Based on an average trading volume of 2,070,967 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

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

Shares of MURGY stock opened at $11.71 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $72.77 billion, a price-to-earnings ratio of 4.67, a PEG ratio of 1.74 and a beta of 0.38. M�nchener R�ckversicherungs-Gesellschaft has a 1 year low of $10.09 and a 1 year high of $13.68. The firm has a fifty day moving average price of $11.84 and a 200-day moving average price of $11.83.

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

Wall Street Analyst Weigh In

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

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.