Short Interest in M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Declines By 79.0%

Key Points

• Short interest in Munich Re fell 79% to 58,737 shares as of August 14, representing 0.0% of shares outstanding and just 0.1 days to cover.
• The stock opened at $12.04, with a $10.09–$13.68 one-year range and a market capitalization of $74.82 billion. In its latest quarter, the company reported EPS of $0.41, beating estimates of $0.30, though revenue came in below expectations.
• Analyst sentiment remains cautious: one analyst rates the stock Buy and two rate it Hold, resulting in a consensus Hold rating.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY - Get Free Report) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 58,737 shares, a decline of 79.0% from the July 30th total of 280,024 shares. Currently, 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 637,271 shares, the days-to-cover ratio is presently 0.1 days.

M�nchener R�ckversicherungs-Gesellschaft Stock Performance

M�nchener R�ckversicherungs-Gesellschaft stock opened at $12.04 on Wednesday. M�nchener R�ckversicherungs-Gesellschaft has a one year low of $10.09 and a one year high of $13.68. The firm has a market capitalization of $74.82 billion, a PE ratio of 4.80, a price-to-earnings-growth ratio of 1.81 and a beta of 0.39. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.14 and a current ratio of 1.14. The stock's 50 day moving average price is $11.59 and its 200 day moving average price is $11.89.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY - Get Free Report) last posted its quarterly earnings data on Friday, August 7th. The financial services provider reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.11. M�nchener R�ckversicherungs-Gesellschaft had a net margin of 11.49% and a return on equity of 21.19%. The firm had revenue of $17.65 billion for the quarter, compared to the consensus estimate of $18.75 billion. As a group, sell-side analysts expect that M�nchener R�ckversicherungs-Gesellschaft will post 1.18 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on MURGY shares. Erste Group Bank cut shares of M�nchener R�ckversicherungs-Gesellschaft from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 12th. Zacks Research upgraded shares of M�nchener R�ckversicherungs-Gesellschaft from a "strong sell" rating to a "hold" rating in a report on Friday, August 7th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold".

M�nchener R�ckversicherungs-Gesellschaft Company Profile

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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