M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Reaches New 52-Week High - What's Next?

Key Points

• Münchener Rückversicherungs-Gesellschaft (OTCMKTS:MURGY) reached a new 52-week high of $14.41, closing at $14.20 with a trading volume of 9,761 shares.
• Analyst ratings for MURGY show a mix of opinions, with the average rating being "Hold" and one analyst offering a "strong buy" rating.
• The company reported impressive earnings of $0.88 per share, significantly surpassing the consensus estimate of $0.17, despite revenue falling short of expectations at $16.63 billion.

Shares of M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY - Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as $14.41 and last traded at $14.20, with a volume of 9761 shares changing hands. The stock had previously closed at $13.78.

Analyst Ratings Changes

MURGY has been the subject of several analyst reports. Hsbc Global Res upgraded M�nchener R�ckversicherungs-Gesellschaft to a "hold" rating in a research report on Monday, April 28th. Keefe, Bruyette & Woods downgraded shares of M�nchener R�ckversicherungs-Gesellschaft from a "hold" rating to a "moderate sell" rating in a research note on Friday, June 6th. Five investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold".

M�nchener R�ckversicherungs-Gesellschaft Stock Performance

The stock has a 50-day moving average of $13.15 and a 200 day moving average of $12.56. The firm has a market capitalization of $92.17 billion, a P/E ratio of 6.81, a price-to-earnings-growth ratio of 1.46 and a beta of 0.71. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.14 and a current ratio of 1.14.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY - Get Free Report) last announced its earnings results on Tuesday, May 13th. The financial services provider reported $0.88 EPS for the quarter, topping the consensus estimate of $0.17 by $0.71. M�nchener R�ckversicherungs-Gesellschaft had a return on equity of 14.53% and a net margin of 7.53%. The company had revenue of $16.63 billion for the quarter, compared to analysts' expectations of $19.09 billion. On average, research analysts anticipate that M�nchener R�ckversicherungs-Gesellschaft will post 0.46 earnings per share for the current year.

About M�nchener R�ckversicherungs-Gesellschaft

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.