M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Releases Quarterly Earnings Results, Beats Expectations By $0.11 EPS

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) released its earnings results on Friday. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.11, Zacks reports. M�nchener R�ckversicherungs-Gesellschaft had a return on equity of 21.44% and a net margin of 11.28%.The company had revenue of $17.65 billion for the quarter, compared to analyst estimates of $18.35 billion.

M�nchener R�ckversicherungs-Gesellschaft Trading Down 1.2%

Shares of MURGY traded down $0.15 during mid-day trading on Friday, reaching $11.91. 209,163 shares of the company were exchanged, compared to its average volume of 591,430. M�nchener R�ckversicherungs-Gesellschaft has a 52 week low of $10.09 and a 52 week high of $13.68. 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 capitalization of $74.01 billion, a PE ratio of 4.84, a PEG ratio of 1.85 and a beta of 0.39. The business has a 50 day simple moving average of $11.22 and a two-hundred day simple moving average of $11.91.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MURGY. 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. Zacks Research lowered shares of M�nchener R�ckversicherungs-Gesellschaft from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 17th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, M�nchener R�ckversicherungs-Gesellschaft presently has a consensus rating of “Hold”.

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.