M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Downgraded to Hold Rating by Zacks Research

Zacks Research lowered shares of M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) from a strong-buy rating to a hold rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

Separately, Erste Group Bank cut shares of M�nchener R�ckversicherungs-Gesellschaft from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

M�nchener R�ckversicherungs-Gesellschaft Price Performance

MURGY stock opened at $11.25 on Tuesday. The company has a 50 day simple moving average of $12.35 and a 200 day simple moving average of $12.50. The stock has a market cap of $71.98 billion, a price-to-earnings ratio of 4.57, a P/E/G ratio of 1.37 and a beta of 0.46. M�nchener R�ckversicherungs-Gesellschaft has a 1 year low of $10.73 and a 1 year high of $14.41. 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 quarterly earnings data on Tuesday, May 12th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $1.25. The business had revenue of $22.07 billion during the quarter, compared to analysts’ expectations of $19.86 billion. M�nchener R�ckversicherungs-Gesellschaft had a net margin of 11.28% and a return on equity of 21.44%. Research analysts anticipate that M�nchener R�ckversicherungs-Gesellschaft will post 1.39 EPS 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.