M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Shares Down 6.8% – Should You Sell?

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY)’s share price was down 6.8% during trading on Wednesday . The company traded as low as $11.39 and last traded at $11.39. Approximately 13,216 shares traded hands during trading, a decline of 98% from the average daily volume of 779,658 shares. The stock had previously closed at $12.22.

Analyst Ratings Changes

Several brokerages have issued reports on MURGY. Erste Group Bank cut M�nchener R�ckversicherungs-Gesellschaft from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. Zacks Research raised shares of M�nchener R�ckversicherungs-Gesellschaft from a “strong sell” rating to a “hold” rating in a report on Friday, August 7th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, M�nchener R�ckversicherungs-Gesellschaft presently has an average rating of “Hold”.

M�nchener R�ckversicherungs-Gesellschaft Stock Down 1.0%

The firm has a 50-day moving average of $11.83 and a two-hundred day moving average of $11.85. 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 company has a market capitalization of $71.22 billion, a PE ratio of 4.57, a price-to-earnings-growth ratio of 1.83 and a beta of 0.38.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last issued its quarterly earnings data on Friday, August 7th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.11. The firm had revenue of $17.65 billion during the quarter, compared to the consensus estimate of $18.75 billion. M�nchener R�ckversicherungs-Gesellschaft had a return on equity of 21.19% and a net margin of 11.49%. Equities research analysts predict that M�nchener R�ckversicherungs-Gesellschaft will post 1.19 earnings per share for the current fiscal year.

About M�nchener R�ckversicherungs-Gesellschaft

Münchener Rückversicherungs-Gesellschaft AG, known as Munich Re, is a Germany-based insurance group that provides reinsurance and primary insurance services. Through its reinsurance operations, the company helps insurance carriers manage and transfer risks arising from property damage, natural catastrophes, liability, life and health events, cyber incidents and other exposures.

Munich Re also serves individuals and businesses through its ERGO insurance group. ERGO offers products including property and casualty insurance, life insurance, health insurance and legal protection coverage.