M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Shares Gap Down – Time to Sell?

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY – Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $12.22, but opened at $11.64. M�nchener R�ckversicherungs-Gesellschaft shares last traded at $11.5835, with a volume of 42,069 shares.

Wall Street Analyst Weigh In

MURGY has been the subject of several analyst reports. 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. Zacks Research upgraded shares of M�nchener R�ckversicherungs-Gesellschaft from a “strong sell” rating to a “hold” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

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M�nchener R�ckversicherungs-Gesellschaft Stock Performance

The company has a market cap of $72.18 billion, a P/E ratio of 4.63, a price-to-earnings-growth ratio of 1.83 and a beta of 0.38. The company’s 50-day moving average is $11.82 and its two-hundred day moving average is $11.86. 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 – Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $17.65 billion during the quarter, compared to the consensus estimate of $18.75 billion. M�nchener R�ckversicherungs-Gesellschaft had a net margin of 11.49% and a return on equity of 21.19%. Equities analysts predict that M�nchener R�ckversicherungs-Gesellschaft will post 1.19 EPS for the current year.

About M�nchener R�ckversicherungs-Gesellschaft

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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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