Short Interest in M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Drops By 48.4%

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) was the recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 102,395 shares, a decrease of 48.4% from the April 15th total of 198,536 shares. Based on an average daily volume of 721,997 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MURGY. Kepler Capital Markets began coverage on shares of M�nchener R�ckversicherungs-Gesellschaft in a report on Friday, January 16th. They issued a “buy” rating on the stock. Erste Group Bank lowered shares of M�nchener R�ckversicherungs-Gesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Finally, Zacks Research upgraded shares of M�nchener R�ckversicherungs-Gesellschaft from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

M�nchener R�ckversicherungs-Gesellschaft Stock Performance

Shares of M�nchener R�ckversicherungs-Gesellschaft stock traded up $0.11 on Friday, reaching $10.92. 1,991,978 shares of the company traded hands, compared to its average volume of 606,636. M�nchener R�ckversicherungs-Gesellschaft has a 52 week low of $10.73 and a 52 week high of $14.41. The company has a 50 day moving average of $12.41 and a 200 day moving average of $12.53. The firm has a market capitalization of $69.87 billion, a PE ratio of 4.44, a PEG ratio of 0.42 and a beta of 0.46. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 1.14.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last released its earnings results on Tuesday, May 12th. The financial services provider reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $1.25. M�nchener R�ckversicherungs-Gesellschaft had a net margin of 11.28% and a return on equity of 21.44%. The firm had revenue of $22.07 billion during the quarter, compared to the consensus estimate of $19.86 billion. Equities analysts forecast that M�nchener R�ckversicherungs-Gesellschaft will post 4.37 earnings per share 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.