M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Sees Unusually-High Trading Volume – Still a Buy?

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY – Get Free Report) shares saw unusually-high trading volume on Thursday . 1,570,206 shares traded hands during mid-day trading, an increase of 105% from the previous session’s volume of 766,234 shares.The stock last traded at $11.7034 and had previously closed at $11.70.

Analysts Set New Price Targets

Separately, Zacks Research upgraded 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, M�nchener R�ckversicherungs-Gesellschaft has a consensus rating of “Hold”.

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M�nchener R�ckversicherungs-Gesellschaft Stock Performance

The stock has a market capitalization of $72.33 billion, a price-to-earnings ratio of 4.64, a price-to-earnings-growth ratio of 1.77 and a beta of 0.38. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.22. The stock’s 50 day moving average is $11.85 and its two-hundred day moving average is $11.80.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY – Get Free Report) last released its quarterly earnings results on Friday, August 7th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.11. The firm had revenue of $17.65 billion for the quarter, compared to the consensus estimate of $18.75 billion. M�nchener R�ckversicherungs-Gesellschaft had a return on equity of 20.81% and a net margin of 11.49%. Analysts expect that M�nchener R�ckversicherungs-Gesellschaft will post 1.19 earnings per share for the current fiscal year.

M�nchener R�ckversicherungs-Gesellschaft Company Profile

(Get Free Report)

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.

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