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

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Separately, 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 investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

M�nchener R�ckversicherungs-Gesellschaft Stock Performance

Shares of MURGY opened at $10.59 on Wednesday. The stock has a 50-day moving average of $11.60 and a two-hundred day moving average of $12.22. M�nchener R�ckversicherungs-Gesellschaft has a one year low of $10.09 and a one year high of $14.41. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market cap of $65.81 billion, a P/E ratio of 4.30, a P/E/G ratio of 1.57 and a beta of 0.40.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last posted its quarterly earnings results on Tuesday, May 12th. The financial services provider reported $1.57 earnings per share for the quarter, beating the consensus estimate of $0.32 by $1.25. The business 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, research analysts predict that M�nchener R�ckversicherungs-Gesellschaft will post 1.16 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.