M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Short Interest Down 79.0% in August

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) was the recipient of a large decline in short interest in August. As of August 14th, there was short interest totaling 58,737 shares, a decline of 79.0% from the July 30th total of 280,024 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 637,271 shares, the short-interest ratio is presently 0.1 days.

M�nchener R�ckversicherungs-Gesellschaft Stock Performance

Shares of OTCMKTS:MURGY traded down $0.04 on Thursday, hitting $11.95. 225,045 shares of the company were exchanged, compared to its average volume of 789,569. The firm has a market capitalization of $74.26 billion, a P/E ratio of 4.76, a price-to-earnings-growth ratio of 1.81 and a beta of 0.39. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.22. M�nchener R�ckversicherungs-Gesellschaft has a 1-year low of $10.09 and a 1-year high of $13.68. The stock’s 50 day moving average price is $11.61 and its 200 day moving average price is $11.89.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last released its earnings results on Friday, August 7th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.11. M�nchener R�ckversicherungs-Gesellschaft had a return on equity of 21.19% and a net margin of 11.49%.The firm had revenue of $17.65 billion for the quarter, compared to the consensus estimate of $18.75 billion. Sell-side analysts predict that M�nchener R�ckversicherungs-Gesellschaft will post 1.18 EPS for the current year.

Wall Street Analysts Forecast Growth

MURGY has been the topic of a number of recent analyst reports. Erste Group Bank downgraded M�nchener R�ckversicherungs-Gesellschaft from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. Zacks Research upgraded M�nchener R�ckversicherungs-Gesellschaft from a “strong sell” rating to a “hold” rating in a research note on Friday, August 7th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

About M�nchener R�ckversicherungs-Gesellschaft

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.