Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) Sees Significant Decline in Short Interest

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGYGet Rating) saw a large decrease in short interest in May. As of May 15th, there was short interest totalling 19,700 shares, a decrease of 73.0% from the April 30th total of 72,900 shares. Based on an average daily volume of 791,700 shares, the short-interest ratio is presently 0.0 days.

Several brokerages recently commented on MURGY. Deutsche Bank Aktiengesellschaft cut their target price on Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from €275.00 ($292.55) to €260.00 ($276.60) in a research report on Wednesday, March 16th. The Goldman Sachs Group assumed coverage on Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München in a research report on Thursday, February 10th. They set a “buy” rating on the stock. Morgan Stanley lowered Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from an “overweight” rating to an “equal weight” rating in a report on Tuesday, April 5th. Societe Generale upgraded Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from a “hold” rating to a “buy” rating in a report on Tuesday, March 29th. Finally, JPMorgan Chase & Co. cut their price target on Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from €335.00 ($356.38) to €330.00 ($351.06) in a report on Thursday, February 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München has a consensus rating of “Hold” and a consensus target price of $275.25.

OTCMKTS:MURGY traded up $0.33 on Friday, hitting $24.49. The stock had a trading volume of 79,706 shares, compared to its average volume of 141,378. The company has a market cap of $34.31 billion, a PE ratio of 9.96 and a beta of 1.06. Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München has a 52 week low of $22.27 and a 52 week high of $31.95. The business’s fifty day moving average is $25.05 and its 200 day moving average is $27.53. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.01.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGYGet Rating) last issued its quarterly earnings data on Wednesday, February 23rd. The financial services provider reported $0.71 EPS for the quarter. The firm had revenue of $19.08 billion during the quarter. Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München had a return on equity of 9.46% and a net margin of 4.45%.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Company Profile (Get Rating)

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München engages in the insurance and reinsurance businesses worldwide. The company operates through five segments: Life and Health Reinsurance; Property-Casualty Reinsurance; ERGO Life and Health Germany; ERGO Property-Casualty Germany; and ERGO International.

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