OTCMKTS:MURGY FY2027 EPS Forecast Cut by Erste Group Bank

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) – Investment analysts at Erste Group Bank decreased their FY2027 earnings per share estimates for M�nchener R�ckversicherungs-Gesellschaft in a report issued on Tuesday, September 8th. Erste Group Bank analyst S. Lingnau now forecasts that the financial services provider will earn $1.21 per share for the year, down from their previous estimate of $1.21. The consensus estimate for M�nchener R�ckversicherungs-Gesellschaft’s current full-year earnings is $1.19 per share.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last announced its earnings results on Friday, August 7th. The financial services provider reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.11. M�nchener R�ckversicherungs-Gesellschaft had a return on equity of 21.19% and a net margin of 11.49%.The company had revenue of $17.65 billion during the quarter, compared to analyst estimates of $18.75 billion.

Separately, Zacks Research upgraded 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

M�nchener R�ckversicherungs-Gesellschaft Stock Up 1.3%

Shares of OTCMKTS MURGY opened at $11.78 on Monday. The firm’s 50-day simple moving average is $11.85 and its 200 day simple moving average is $11.82. The company has a market cap of $73.21 billion, a price-to-earnings ratio of 4.69, a price-to-earnings-growth ratio of 1.74 and a beta of 0.38. 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 has a 12-month low of $10.09 and a 12-month high of $13.68.

M�nchener R�ckversicherungs-Gesellschaft Company Profile

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.