M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Shares Gap Down – What’s Next?

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $12.22, but opened at $11.64. M�nchener R�ckversicherungs-Gesellschaft shares last traded at $11.5835, with a volume of 42,069 shares traded.

Wall Street Analyst Weigh In

MURGY has been the topic of a number of recent research reports. Erste Group Bank cut 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 research 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.com, M�nchener R�ckversicherungs-Gesellschaft presently has an average rating of “Hold”.

M�nchener R�ckversicherungs-Gesellschaft Price Performance

The business has a fifty day moving average of $11.82 and a 200-day moving average of $11.86. 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 firm has a market cap of $72.18 billion, a PE ratio of 4.63, a PEG ratio of 1.83 and a beta of 0.38.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last posted its earnings results on Friday, August 7th. The financial services provider reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $17.65 billion during the quarter, compared to analyst estimates of $18.75 billion. As a group, research analysts predict that M�nchener R�ckversicherungs-Gesellschaft will post 1.19 earnings per share 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.