Munchener Ruckversicherungs-Gesellschaft (OTCMKTS:MURGY) Issues Earnings Results

Munchener Ruckversicherungs-Gesellschaft (OTCMKTS:MURGY) posted its earnings results on Thursday. The financial services provider reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05, Zacks reports. Munchener Ruckversicherungs-Gesellschaft had a net margin of 11.49% and a return on equity of 20.81%.

Munchener Ruckversicherungs-Gesellschaft Stock Up 1.0%

Shares of MURGY stock traded up $0.13 during trading hours on Thursday, reaching $12.91. 194,108 shares of the company’s stock were exchanged, compared to its average volume of 770,014. The stock’s 50 day moving average is $12.03 and its 200-day moving average is $11.95. The company has a market cap of $81.24 billion, a price-to-earnings ratio of 5.14, a P/E/G ratio of 2.32 and a beta of 0.32. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.22. Munchener Ruckversicherungs-Gesellschaft has a fifty-two week low of $10.09 and a fifty-two week high of $13.68.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of Munchener Ruckversicherungs-Gesellschaft from a “hold” rating to a “strong sell” rating in a report on Monday, October 19th. One 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

About Munchener Ruckversicherungs-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.