Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) Reaches New 52-Week High – Here’s Why

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY)’s share price reached a new 52-week high on Tuesday . The company traded as high as $12.87 and last traded at $12.75, with a volume of 173436 shares traded. The stock had previously closed at $12.65.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MURGY. Barclays upgraded Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München to a “strong-buy” rating in a research report on Tuesday, January 28th. The Goldman Sachs Group cut Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Finally, UBS Group lowered Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 19th. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München presently has a consensus rating of “Hold”.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Trading Up 0.8 %

The stock’s 50-day moving average price is $11.59 and its 200 day moving average price is $10.84. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market capitalization of $85.27 billion, a PE ratio of 8.29, a price-to-earnings-growth ratio of 1.72 and a beta of 0.98.

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 for the quarter, missing the consensus estimate of $0.17 by ($0.01). The firm had revenue of $16.34 billion during the quarter, compared to analysts’ expectations of $19.10 billion. Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München had a return on equity of 18.94% and a net margin of 8.61%. On average, sell-side analysts expect that Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München will post 0.46 EPS for the current fiscal year.

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.