M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Posts Earnings Results, Beats Estimates By $1.25 EPS

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) posted its quarterly earnings data on Tuesday. The financial services provider reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $1.25, Zacks reports. M�nchener R�ckversicherungs-Gesellschaft had a net margin of 11.28% and a return on equity of 21.44%. The business had revenue of $22.07 billion for the quarter, compared to analyst estimates of $19.86 billion.

M�nchener R�ckversicherungs-Gesellschaft Price Performance

M�nchener R�ckversicherungs-Gesellschaft stock traded up $0.11 during mid-day trading on Thursday, hitting $10.87. The company’s stock had a trading volume of 482,112 shares, compared to its average volume of 549,404. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $69.56 billion, a P/E ratio of 4.42, a P/E/G ratio of 0.43 and a beta of 0.46. M�nchener R�ckversicherungs-Gesellschaft has a twelve month low of $10.73 and a twelve month high of $14.41. The stock’s fifty day moving average price is $12.47 and its two-hundred day moving average price is $12.56.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Zacks Research upgraded shares of M�nchener R�ckversicherungs-Gesellschaft from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Erste Group Bank lowered shares of M�nchener R�ckversicherungs-Gesellschaft from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Finally, Kepler Capital Markets assumed coverage on shares of M�nchener R�ckversicherungs-Gesellschaft in a research report on Friday, January 16th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy”.

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.