M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Short Interest Down 92.8% in May

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 7,407 shares, a decrease of 92.8% from the April 30th total of 102,395 shares. Based on an average daily trading volume, of 1,804,744 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

Several research firms have recently issued reports on MURGY. Erste Group Bank downgraded M�nchener R�ckversicherungs-Gesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. Zacks Research downgraded M�nchener R�ckversicherungs-Gesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

M�nchener R�ckversicherungs-Gesellschaft Trading Down 1.1%

MURGY stock traded down $0.12 during trading on Wednesday, hitting $10.83. The company had a trading volume of 760,229 shares, compared to its average volume of 603,345. The business has a 50-day moving average of $12.24 and a 200-day moving average of $12.46. M�nchener R�ckversicherungs-Gesellschaft has a one year low of $10.73 and a one year high of $14.41. The stock has a market cap of $67.30 billion, a PE ratio of 4.40, a PEG ratio of 1.58 and a beta of 0.46. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.22.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last announced its earnings results on Tuesday, May 12th. The financial services provider reported $1.57 EPS for the quarter, beating the consensus estimate of $0.32 by $1.25. M�nchener R�ckversicherungs-Gesellschaft had a return on equity of 21.44% and a net margin of 11.28%.The business had revenue of $22.07 billion for the quarter, compared to analysts’ expectations of $19.86 billion. Research analysts predict that M�nchener R�ckversicherungs-Gesellschaft will post 1.17 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.