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Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) Hits New 1-Year High - Here's Why

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München logo with Finance background
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Shares of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $12.36 and last traded at $12.25, with a volume of 174585 shares. The stock had previously closed at $12.28.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. UBS Group downgraded shares of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from a "strong-buy" rating to a "hold" rating in a report on Thursday, December 19th. Barclays upgraded Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München to a "strong-buy" rating in a report on Tuesday, January 28th.

View Our Latest Research Report on MURGY

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Trading Down 0.2 %

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 company's 50 day moving average price is $10.82 and its two-hundred day moving average price is $10.63. The firm has a market cap of $81.93 billion, a PE ratio of 7.96, a P/E/G ratio of 1.72 and a beta of 0.98.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY - Get Free Report) last posted its earnings results on Wednesday, February 26th. The financial services provider reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.01). The company had revenue of $16.34 billion for the quarter, compared to analysts' expectations of $19.10 billion. Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München had a return on equity of 18.94% and a net margin of 8.61%. As a group, sell-side analysts forecast that Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München will post 0.46 EPS for the current year.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Company Profile

(Get Free Report)

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.

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