Munchener Ruckversicherungs-Gesellschaft (OTCMKTS:MURGY) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Munchener Ruckversicherungs-Gesellschaft (OTCMKTS:MURGY) announced its quarterly earnings results on Thursday. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05, Zacks reports. Munchener Ruckversicherungs-Gesellschaft had a net margin of 11.49% and a return on equity of 20.81%.

Munchener Ruckversicherungs-Gesellschaft Stock Performance

OTCMKTS MURGY traded up $0.13 during trading hours on Thursday, hitting $12.91. 190,294 shares of the company’s stock traded hands, compared to its average volume of 770,014. Munchener Ruckversicherungs-Gesellschaft has a 52 week low of $10.09 and a 52 week high of $13.68. The firm has a market capitalization of $81.24 billion, a P/E ratio of 5.15, a P/E/G ratio of 2.32 and a beta of 0.32. 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 business’s fifty day moving average price is $12.03 and its two-hundred day moving average price is $11.95.

Wall Street Analyst Weigh In

Separately, Zacks Research cut Munchener Ruckversicherungs-Gesellschaft from a “hold” rating to a “strong sell” rating in a research report on Monday, October 19th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Munchener Ruckversicherungs-Gesellschaft currently has an average rating of “Hold”.

About Munchener Ruckversicherungs-Gesellschaft

Munich Re, formally Münchener Rückversicherungs-Gesellschaft, is a global reinsurance and insurance group founded in 1880 and headquartered in Munich, Germany. It provides reinsurance and related risk-management services to insurers, businesses and public-sector organizations. Its reinsurance business covers property and casualty risks as well as life and health insurance, offering products and services that help clients manage and transfer risk. The group also serves customers directly through ERGO, its primary insurance business, which offers insurance and other financial services.