M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Shares Gap Down - Should You Sell?

Key Points

• Münchener Rückversicherungs-Gesellschaft shares gapped down from a previous close of $14.15 to open at $13.11, finally trading at $13.13 with a volume of 61,912 shares.
• Analysts have mixed views on the stock, with HSBC Global Research upgrading it to a "hold" rating while Keefe, Bruyette & Woods downgraded it to a "moderate sell"; the consensus rating currently stands at "Hold".
• The company reported $0.36 earnings per share for the last quarter, exceeding analysts' expectations of $0.29, and has a strong net margin of 7.53% and return on equity of 14.53%.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY - Get Free Report)'s share price gapped down before the market opened on Friday . The stock had previously closed at $14.15, but opened at $13.11. M�nchener R�ckversicherungs-Gesellschaft shares last traded at $13.13, with a volume of 61,912 shares changing hands.

Wall Street Analysts Forecast Growth

MURGY has been the topic of several research analyst reports. Keefe, Bruyette & Woods cut shares of M�nchener R�ckversicherungs-Gesellschaft from a "hold" rating to a "moderate sell" rating in a research note on Friday, June 6th. Hsbc Global Res raised shares of M�nchener R�ckversicherungs-Gesellschaft to a "hold" rating in a research note on Monday, April 28th. Five research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold".

M�nchener R�ckversicherungs-Gesellschaft Stock Performance

The firm's fifty day simple moving average is $13.18 and its 200 day simple moving average is $12.62. The company has a market capitalization of $86.23 billion, a price-to-earnings ratio of 6.08, a PEG ratio of 1.43 and a beta of 0.71. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.14 and a quick ratio of 1.14.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY - Get Free Report) last announced its earnings results on Friday, August 8th. The financial services provider reported $0.36 EPS for the quarter, topping the consensus estimate of $0.30 by $0.06. M�nchener R�ckversicherungs-Gesellschaft had a net margin of 7.53% and a return on equity of 14.53%. The company had revenue of $16.76 billion during the quarter, compared to analysts' expectations of $22.83 billion. On average, sell-side analysts forecast that M�nchener R�ckversicherungs-Gesellschaft will post 0.46 EPS for the current 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.