M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Reaches New 1-Year Low – Here’s What Happened

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $10.63 and last traded at $10.6470, with a volume of 31362 shares traded. The stock had previously closed at $10.81.

Analysts Set New Price Targets

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

M�nchener R�ckversicherungs-Gesellschaft Stock Performance

The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average of $12.21 and a 200-day moving average of $12.45. The stock has a market capitalization of $65.81 billion, a price-to-earnings ratio of 4.30, a P/E/G ratio of 1.61 and a beta of 0.46.

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 (EPS) for the quarter, beating the consensus estimate of $0.32 by $1.25. The firm had revenue of $22.07 billion for the quarter, compared to the consensus estimate of $19.86 billion. M�nchener R�ckversicherungs-Gesellschaft had a return on equity of 21.44% and a net margin of 11.28%. As a group, sell-side analysts predict that M�nchener R�ckversicherungs-Gesellschaft will post 1.17 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.