M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Shares Gap Up - Time to Buy?

Key Points

• Münchener Rückversicherungs-Gesellschaft shares gapped up from $12.12 to $12.62 at market open, currently trading at $12.61 with a volume of 28,428 shares.
• Analyst sentiment has shifted, with Keefe, Bruyette & Woods downgrading the stock from a "hold" rating to a "moderate sell," while one analyst maintains a "Strong Buy" rating.
• The company reported earnings per share of $0.36, exceeding estimates, but its quarterly revenue of $16.76 billion fell short of the anticipated $22.83 billion.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $12.12, but opened at $12.62. M�nchener R�ckversicherungs-Gesellschaft shares last traded at $12.61, with a volume of 28,428 shares changing hands.

Analyst Ratings Changes

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

M�nchener R�ckversicherungs-Gesellschaft Price Performance

The firm has a market cap of $82.19 billion, a P/E ratio of 5.80, a price-to-earnings-growth ratio of 1.50 and a beta of 0.69. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.20. The business has a 50-day moving average of $12.89 and a two-hundred day moving average of $12.95.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY - Get Free Report) last issued its quarterly earnings data on Friday, August 8th. The financial services provider reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $22.83 billion. On average, sell-side analysts anticipate that M�nchener R�ckversicherungs-Gesellschaft will post 0.46 earnings per share for the current fiscal 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.

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