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

Key Points

• Münchener Rückversicherungs-Gesellschaft shares gapped down at the open to $11.88 from $12.4840, with 20,961 shares changing hands on the move.
• Brokerages have recently upgraded the stock—two analysts give it a Strong Buy and one a Buy—leaving the consensus rating as "Strong Buy."
• The company shows a low valuation (market cap $75.82B, P/E 6.69, PEG 0.49), reported quarterly EPS of $0.17 in line with estimates and slightly beat revenue, and analysts forecast full-year EPS of 4.38.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY - Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $12.4840, but opened at $11.88. M�nchener R�ckversicherungs-Gesellschaft shares last traded at $11.88, with a volume of 20,961 shares.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MURGY. Erste Group Bank upgraded shares of M�nchener R�ckversicherungs-Gesellschaft from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 2nd. Zacks Research upgraded shares of M�nchener R�ckversicherungs-Gesellschaft from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 29th. Finally, Kepler Capital Markets started coverage on shares of M�nchener R�ckversicherungs-Gesellschaft in a research report on Friday, January 16th. They issued a "buy" rating on the stock. Two research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Strong Buy".

M�nchener R�ckversicherungs-Gesellschaft Price Performance

The stock has a fifty day moving average of $12.66 and a 200-day moving average of $12.62. The firm has a market capitalization of $75.82 billion, a P/E ratio of 6.69, a PEG ratio of 0.49 and a beta of 0.46. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.22.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. The business had revenue of $19.77 billion for the quarter, compared to the consensus estimate of $19.51 billion. M�nchener R�ckversicherungs-Gesellschaft had a net margin of 10.19% and a return on equity of 19.10%. Equities analysts predict that M�nchener R�ckversicherungs-Gesellschaft will post 4.38 EPS for the current fiscal year.

About M�nchener R�ckversicherungs-Gesellschaft

Münchener Rückversicherungs-Gesellschaft OTCMKTS: MURGY, commonly known as Munich Re, is a global reinsurance company headquartered in Munich, Germany. The firm's core business is providing reinsurance solutions to primary insurers, covering property–casualty and life & health risks. Munich Re also offers specialty reinsurance products for complex or large-scale exposures and develops tailored risk-transfer solutions for clients facing catastrophic, industrial, or longevity risks.

In addition to its reinsurance operations, Munich Re conducts primary insurance activities through its ERGO Group subsidiary, which markets life, health, property & casualty, and legal protection insurance to retail and corporate customers.

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