M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Stock Rating Upgraded by Zacks Research

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

M�nchener R�ckversicherungs-Gesellschaft Stock Down 3.2%

MURGY opened at $12.77 on Thursday. The firm’s 50 day simple moving average is $12.73 and its two-hundred day simple moving average is $12.87. The company has a market capitalization of $83.42 billion, a PE ratio of 7.26, a PEG ratio of 1.27 and a beta of 0.52. M�nchener R�ckversicherungs-Gesellschaft has a 1-year low of $9.72 and a 1-year high of $14.41. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.20.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last posted its quarterly earnings data on Tuesday, November 11th. The financial services provider reported $0.36 EPS for the quarter, topping the consensus estimate of $0.34 by $0.02. M�nchener R�ckversicherungs-Gesellschaft had a return on equity of 19.63% and a net margin of 10.34%.The firm had revenue of $20.21 billion during the quarter, compared to analyst estimates of $19.35 billion. As a group, equities analysts forecast that M�nchener R�ckversicherungs-Gesellschaft will post 0.46 EPS for the current 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.