M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Shares Gap Down – What’s Next?

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) gapped down prior to trading on Monday. The stock had previously closed at $13.33, but opened at $12.64. M�nchener R�ckversicherungs-Gesellschaft shares last traded at $12.6725, with a volume of 5,101 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered M�nchener R�ckversicherungs-Gesellschaft from a “hold” rating to a “strong sell” rating in a research note on Monday, October 19th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, M�nchener R�ckversicherungs-Gesellschaft currently has an average rating of “Hold”.

M�nchener R�ckversicherungs-Gesellschaft Stock Up 0.2%

The business’s fifty day moving average is $11.98 and its two-hundred day moving average is $11.94. The stock has a market cap of $79.89 billion, a price-to-earnings ratio of 5.06, a PEG ratio of 2.27 and a beta of 0.32. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.22.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last released its earnings results 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. M�nchener R�ckversicherungs-Gesellschaft had a net margin of 11.49% and a return on equity of 20.81%. The company had revenue of $17.65 billion for the quarter, compared to analyst estimates of $18.75 billion. Equities analysts forecast that M�nchener R�ckversicherungs-Gesellschaft will post 1.18 earnings per share for the current fiscal year.

About M�nchener R�ckversicherungs-Gesellschaft

Munich Re, formally Münchener Rückversicherungs-Gesellschaft, is a global reinsurance and insurance group founded in 1880 and headquartered in Munich, Germany. It provides reinsurance and related risk-management services to insurers, businesses and public-sector organizations.

Its reinsurance business covers property and casualty risks as well as life and health insurance, offering products and services that help clients manage and transfer risk. The group also serves customers directly through ERGO, its primary insurance business, which offers insurance and other financial services.

Munich Re operates internationally, serving clients across a broad range of markets and regions.