Short Interest in M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Drops By 48.4%

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 102,395 shares, a decrease of 48.4% from the April 15th total of 198,536 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 721,997 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Several brokerages have issued reports on MURGY. Zacks Research upgraded M�nchener R�ckversicherungs-Gesellschaft from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Erste Group Bank lowered M�nchener R�ckversicherungs-Gesellschaft from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

M�nchener R�ckversicherungs-Gesellschaft Stock Performance

OTCMKTS:MURGY traded up $0.30 during trading on Monday, reaching $11.22. The company’s stock had a trading volume of 912,891 shares, compared to its average volume of 575,075. M�nchener R�ckversicherungs-Gesellschaft has a 12 month low of $10.73 and a 12 month high of $14.41. The firm has a market cap of $71.79 billion, a price-to-earnings ratio of 4.56, a price-to-earnings-growth ratio of 0.43 and a beta of 0.46. The firm has a 50 day moving average of $12.41 and a 200-day moving average of $12.53. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.14 and a current ratio of 1.14.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last issued its quarterly earnings results on Tuesday, May 12th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $19.86 billion. Research analysts expect that M�nchener R�ckversicherungs-Gesellschaft will post 4.37 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.