M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Stock Rating Upgraded by Erste Group Bank

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

A number of other brokerages also recently issued reports on MURGY. Kepler Capital Markets began coverage on shares of M�nchener R�ckversicherungs-Gesellschaft in a report on Friday, January 16th. They set a “buy” rating on the stock. Zacks Research cut shares of M�nchener R�ckversicherungs-Gesellschaft from a “strong-buy” rating to a “hold” rating in a report on Monday, February 16th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

M�nchener R�ckversicherungs-Gesellschaft Trading Up 0.3%

Shares of MURGY stock opened at $12.61 on Thursday. M�nchener R�ckversicherungs-Gesellschaft has a twelve month low of $11.31 and a twelve month high of $14.41. The stock has a market cap of $81.72 billion, a P/E ratio of 7.12, a P/E/G ratio of 1.45 and a beta of 0.48. The stock has a 50 day moving average of $12.45 and a 200 day moving average of $12.59.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last released its quarterly earnings data on Thursday, February 26th. The financial services provider reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. The business had revenue of $19.77 billion for the quarter, compared to analyst estimates of $19.51 billion. M�nchener R�ckversicherungs-Gesellschaft had a return on equity of 19.90% and a net margin of 10.19%. On average, research analysts predict that M�nchener R�ckversicherungs-Gesellschaft will post 0.46 earnings per share for the current fiscal year.

About M�nchener R�ckversicherungs-Gesellschaft

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.