M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Receives Consensus Recommendation of “Buy” from Brokerages

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) has received a consensus rating of “Buy” from the five brokerages that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company.

Several equities analysts have commented on the company. Kepler Capital Markets started coverage on M�nchener R�ckversicherungs-Gesellschaft in a report on Friday. They set a “buy” rating on the stock. Zacks Research upgraded shares of M�nchener R�ckversicherungs-Gesellschaft from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st.

M�nchener R�ckversicherungs-Gesellschaft Stock Down 1.2%

MURGY stock opened at $12.07 on Friday. The firm has a market cap of $78.84 billion, a PE ratio of 6.86, a PEG ratio of 1.17 and a beta of 0.52. M�nchener R�ckversicherungs-Gesellschaft has a 1 year low of $10.12 and a 1 year high of $14.41. The company has a fifty day simple moving average of $12.68 and a 200 day simple moving average of $12.84. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.20.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last posted its earnings results on Tuesday, November 11th. The financial services provider reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.02. M�nchener R�ckversicherungs-Gesellschaft had a return on equity of 19.63% and a net margin of 10.34%.The company had revenue of $20.21 billion for the quarter, compared to analyst estimates of $19.35 billion. Sell-side analysts anticipate that M�nchener R�ckversicherungs-Gesellschaft will post 0.46 EPS for the current fiscal year.

M�nchener R�ckversicherungs-Gesellschaft Company Profile

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.