M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Shares Gap Up – Still a Buy?

Shares of M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) gapped up before the market opened on Thursday. The stock had previously closed at $11.88, but opened at $12.42. M�nchener R�ckversicherungs-Gesellschaft shares last traded at $12.28, with a volume of 79,629 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of M�nchener R�ckversicherungs-Gesellschaft from a “strong sell” rating to a “hold” rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

M�nchener R�ckversicherungs-Gesellschaft Price Performance

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 company has a market cap of $76.87 billion, a PE ratio of 4.87, a P/E/G ratio of 1.94 and a beta of 0.36. The firm has a 50 day moving average of $11.78 and a two-hundred day moving average of $11.69.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last released its earnings results on Friday, August 7th. The financial services provider reported $0.41 EPS for the quarter, topping the consensus estimate of $0.30 by $0.11. M�nchener R�ckversicherungs-Gesellschaft had a return on equity of 20.81% and a net margin of 11.49%. The business had revenue of $17.65 billion for the quarter, compared to the consensus estimate of $18.75 billion. Research analysts predict that M�nchener R�ckversicherungs-Gesellschaft will post 1.20 earnings per share for the current fiscal year.

M�nchener R�ckversicherungs-Gesellschaft Company Profile

Münchener Rückversicherungs-Gesellschaft AG, known internationally as Munich Re, is a Germany-based insurance group whose core business is reinsurance. Through its reinsurance operations, the company helps insurance providers manage and transfer risks arising from natural catastrophes, climate-related events, large property losses, liability claims, health expenses, and other complex exposures.

Munich Re also operates a primary insurance business through ERGO Group. ERGO provides insurance and related financial services to individuals and businesses, including life, health, property and casualty, legal expenses, and travel insurance.