Zacks Research Downgrades M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) to Strong Sell

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY – Get Free Report) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Separately, Erste Group Bank downgraded shares of M�nchener R�ckversicherungs-Gesellschaft from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

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M�nchener R�ckversicherungs-Gesellschaft Stock Down 0.5%

Shares of OTCMKTS:MURGY opened at $10.59 on Wednesday. The company has a market capitalization of $65.81 billion, a PE ratio of 4.30, a price-to-earnings-growth ratio of 1.57 and a beta of 0.40. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 1.14. The business has a fifty day moving average price of $11.60 and a two-hundred day moving average price of $12.22. M�nchener R�ckversicherungs-Gesellschaft has a 1 year low of $10.09 and a 1 year high of $14.41.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY – Get Free Report) last announced its earnings results on Tuesday, May 12th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $1.25. The firm had revenue of $22.07 billion during the quarter, compared to analyst estimates of $19.86 billion. M�nchener R�ckversicherungs-Gesellschaft had a return on equity of 21.44% and a net margin of 11.28%. Analysts forecast that M�nchener R�ckversicherungs-Gesellschaft will post 1.16 earnings per share for the current year.

M�nchener R�ckversicherungs-Gesellschaft Company Profile

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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.

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