Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) Announces Earnings Results, Misses Estimates By $0.01 EPS

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) announced its quarterly earnings data on Wednesday. The financial services provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01), Zacks reports. Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München had a net margin of 8.61% and a return on equity of 18.94%.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Stock Performance

MURGY traded up $0.27 during midday trading on Wednesday, hitting $11.20. 263,680 shares of the company traded hands, compared to its average volume of 353,813. The company’s 50-day moving average is $10.60 and its 200 day moving average is $10.53. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $74.91 billion, a PE ratio of 7.28, a price-to-earnings-growth ratio of 1.72 and a beta of 1.03. Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München has a 52 week low of $8.44 and a 52 week high of $11.44.

Analysts Set New Price Targets

A number of research firms have recently commented on MURGY. Barclays upgraded shares of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München to a “strong-buy” rating in a report on Tuesday, January 28th. UBS Group cut Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 19th.

About Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München engages in the insurance and reinsurance businesses worldwide. It also offers life and health reinsurance solutions, such as digital underwriting and advanced analytics solutions, health insurance management system, financial market risks, financing, portfolio risk management, digitalized investment-linked solution, MIRA digital suite, MIRA POS, MIRApply insured and physician, claims risk adjustment, CLARA plus, data analytics, underwriting and claims, medical research, capital management, and health market.