Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) Sees Large Drop in Short Interest

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 84,100 shares, a decline of 15.6% from the February 13th total of 99,700 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 384,100 shares, the days-to-cover ratio is currently 0.2 days.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Price Performance

OTCMKTS:MURGY traded down $0.09 during mid-day trading on Wednesday, reaching $12.68. 147,056 shares of the stock were exchanged, compared to its average volume of 302,812. Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München has a 1-year low of $8.44 and a 1-year high of $12.80. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $84.80 billion, a PE ratio of 8.24, a PEG ratio of 1.72 and a beta of 0.98. The business has a fifty day moving average price of $11.15 and a 200 day moving average price of $10.72.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) last issued its earnings results on Wednesday, February 26th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München had a return on equity of 18.94% and a net margin of 8.61%. The company had revenue of $16.34 billion during the quarter, compared to analyst estimates of $19.10 billion. Research analysts expect that Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München will post 0.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on MURGY shares. Barclays raised Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München to a “strong-buy” rating in a report on Tuesday, January 28th. UBS Group cut shares of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 19th.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München 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.