M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Shares Up 0.1% - Here's Why

Key Points

• Münchener Rückversicherungs-Gesellschaft shares increased by 0.1% to last trade at $13.13, with a total volume of 353,062 shares, significantly lower than its average volume.
• The company's quarterly earnings exceeded expectations, reporting $0.36 earnings per share against a consensus of $0.30, but revenue fell short at $16.76 billion versus an estimate of $22.83 billion.
• Münchener Rückversicherungs-Gesellschaft has a market capitalization of $85.77 billion and shows strong profitability metrics, including a net margin of 8.37% and a return on equity of 15.88%.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY - Get Free Report) shot up 0.1% during mid-day trading on Friday . The stock traded as high as $13.21 and last traded at $13.13. 353,062 shares traded hands during trading, a decline of 67% from the average session volume of 1,058,058 shares. The stock had previously closed at $13.12.

M�nchener R�ckversicherungs-Gesellschaft Price Performance

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 firm has a market cap of $85.77 billion, a price-to-earnings ratio of 6.05, a price-to-earnings-growth ratio of 2.00 and a beta of 0.65. The company's 50-day moving average is $12.81 and its 200-day moving average is $12.98.

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

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.