M�nchener R�ckversicherungs-Gesellschaft (MURGY) Projected to Post Earnings on Friday

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) is anticipated to announce its results before the market opens on Friday, August 7th. Analysts expect M�nchener R�ckversicherungs-Gesellschaft to post earnings of $0.30 per share and revenue of $18.7460 billion for the quarter.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last posted its quarterly earnings results on Tuesday, May 12th. The financial services provider reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $22.07 billion during the quarter, compared to the consensus estimate of $19.86 billion. On average, analysts expect M�nchener R�ckversicherungs-Gesellschaft to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

M�nchener R�ckversicherungs-Gesellschaft Trading Up 0.6%

Shares of OTCMKTS MURGY opened at $11.95 on Thursday. The company’s 50 day simple moving average is $11.17 and its 200 day simple moving average is $11.91. M�nchener R�ckversicherungs-Gesellschaft has a fifty-two week low of $10.09 and a fifty-two week high of $14.41. The firm has a market capitalization of $74.26 billion, a P/E ratio of 4.86, a P/E/G ratio of 1.82 and a beta of 0.39. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 1.14.

Analyst Upgrades and Downgrades

MURGY has been the subject of a number of analyst reports. Zacks Research lowered shares of M�nchener R�ckversicherungs-Gesellschaft from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 17th. Erste Group Bank downgraded M�nchener R�ckversicherungs-Gesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold”.

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.