Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) Releases Quarterly Earnings Results, Beats Estimates By $0.71 EPS

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY - Get Free Report) released its quarterly earnings data on Tuesday. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.71, Zacks reports. The firm had revenue of $16.63 billion during the quarter, compared to analysts' expectations of $19.09 billion. Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München had a return on equity of 18.94% and a net margin of 8.61%.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Price Performance

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München stock traded down $0.01 during midday trading on Friday, reaching $12.69. 175,671 shares of the company were exchanged, compared to its average volume of 298,158. The company has a market capitalization of $84.87 billion, a price-to-earnings ratio of 8.25, a P/E/G ratio of 1.72 and a beta of 0.76. The firm's 50-day simple moving average is $12.94 and its 200-day simple moving average is $11.42. Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München has a 1 year low of $9.29 and a 1 year high of $14.10. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.12 and a current ratio of 1.12.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on MURGY shares. The Goldman Sachs Group cut Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Hsbc Global Res upgraded Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München to a "hold" rating in a research report on Monday, April 28th. Finally, Barclays upgraded Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München to a "strong-buy" rating in a research report on Tuesday, January 28th. Five equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold".

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Company Profile

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.