M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Sees Strong Trading Volume - Here's Why

Key Points

• Shares of Münchener Rückversicherungs-Gesellschaft experienced a significant trading volume increase of 257%, with approximately 989,133 shares traded recently.
• Keefe, Bruyette & Woods downgraded the stock from a "hold" rating to a "moderate sell" rating, amidst mixed analyst ratings including one with a Strong Buy and five holding the stock.
• The company's earnings per share for the last quarter were reported at $0.36, exceeding the consensus estimate, despite revenue falling short of expectations at $16.76 billion.

Shares of M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 989,133 shares were traded during mid-day trading, an increase of 257% from the previous session's volume of 277,166 shares.The stock last traded at $12.31 and had previously closed at $12.25.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods downgraded M�nchener R�ckversicherungs-Gesellschaft from a "hold" rating to a "moderate sell" rating in a research report on Friday, June 6th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold".

M�nchener R�ckversicherungs-Gesellschaft Stock Performance

The firm has a market cap of $80.67 billion, a PE ratio of 5.69, a price-to-earnings-growth ratio of 1.54 and a beta of 0.69. The business has a 50 day simple moving average of $13.11 and a two-hundred day simple moving average of $12.90. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.20.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY - Get Free Report) last released its earnings results on Friday, August 8th. The financial services provider reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.06. M�nchener R�ckversicherungs-Gesellschaft had a return on equity of 15.88% and a net margin of 8.37%.The business had revenue of $16.76 billion during the quarter, compared to the consensus estimate of $22.83 billion. As a group, equities research analysts forecast that M�nchener R�ckversicherungs-Gesellschaft will post 0.46 earnings per share for the current fiscal year.

M�nchener R�ckversicherungs-Gesellschaft 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.

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