M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Announces Earnings Results, Meets Expectations

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) posted its quarterly earnings data on Thursday. The financial services provider reported $0.17 earnings per share for the quarter, meeting the consensus estimate of $0.17, reports. M�nchener R�ckversicherungs-Gesellschaft had a net margin of 10.34% and a return on equity of 19.63%. The firm had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.51 billion.

M�nchener R�ckversicherungs-Gesellschaft Trading Down 1.2%

OTCMKTS:MURGY traded down $0.16 during mid-day trading on Thursday, reaching $12.97. 470,089 shares of the company’s stock traded hands, compared to its average volume of 567,020. M�nchener R�ckversicherungs-Gesellschaft has a 12-month low of $11.23 and a 12-month high of $14.41. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.13 and a quick ratio of 1.13. The company has a 50 day moving average price of $12.58 and a 200-day moving average price of $12.65. The firm has a market capitalization of $84.05 billion, a price-to-earnings ratio of 7.37, a PEG ratio of 1.41 and a beta of 0.49.

Analyst Upgrades and Downgrades

MURGY has been the subject of several research reports. Zacks Research lowered M�nchener R�ckversicherungs-Gesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 16th. Kepler Capital Markets began coverage on shares of M�nchener R�ckversicherungs-Gesellschaft in a report on Friday, January 16th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock 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.