M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Lowered to “Strong Sell” Rating by Zacks Research

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

Separately, Erste Group Bank downgraded shares of M�nchener R�ckversicherungs-Gesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, M�nchener R�ckversicherungs-Gesellschaft currently has a consensus rating of “Hold”.

M�nchener R�ckversicherungs-Gesellschaft Trading Down 0.5%

OTCMKTS MURGY opened at $10.59 on Wednesday. M�nchener R�ckversicherungs-Gesellschaft has a 12 month low of $10.09 and a 12 month high of $14.41. 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 stock’s fifty day moving average price is $11.60 and its 200-day moving average price is $12.22. 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 announced its quarterly earnings results 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. M�nchener R�ckversicherungs-Gesellschaft had a net margin of 11.28% and a return on equity of 21.44%. The company had revenue of $22.07 billion for the quarter, compared to analysts’ expectations of $19.86 billion. As a group, equities analysts forecast that M�nchener R�ckversicherungs-Gesellschaft will post 1.16 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.