Zacks Research Downgrades M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) to Hold

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Separately, Erste Group Bank downgraded shares of M�nchener R�ckversicherungs-Gesellschaft from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold”.

M�nchener R�ckversicherungs-Gesellschaft Stock Up 1.3%

M�nchener R�ckversicherungs-Gesellschaft stock opened at $11.25 on Tuesday. The company has a market capitalization of $71.98 billion, a P/E ratio of 4.57, a P/E/G ratio of 1.37 and a beta of 0.46. The firm’s fifty day simple moving average is $12.35 and its 200-day simple moving average is $12.50. 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 $10.73 and a 1-year high of $14.41.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last released its quarterly earnings results on Tuesday, May 12th. The financial services provider reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $1.25. The business had revenue of $22.07 billion for the quarter, compared to the consensus estimate of $19.86 billion. M�nchener R�ckversicherungs-Gesellschaft had a net margin of 11.28% and a return on equity of 21.44%. Sell-side analysts forecast that M�nchener R�ckversicherungs-Gesellschaft will post 1.39 earnings per share 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.