The Goldman Sachs Group Downgrades Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) to Hold

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) was downgraded by stock analysts at The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other research analysts also recently issued reports on MURGY. UBS Group downgraded shares of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 19th. Barclays upgraded shares of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München to a “strong-buy” rating in a report on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Stock Performance

MURGY stock opened at $12.56 on Monday. The firm has a market cap of $84.00 billion, a PE ratio of 8.17, a price-to-earnings-growth ratio of 1.72 and a beta of 0.98. 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 stock has a 50-day moving average price of $11.44 and a 200-day moving average price of $10.79. Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München has a 1-year low of $8.44 and a 1-year high of $12.80.

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 analysts’ consensus estimates of $0.17 by ($0.01). The business had revenue of $16.34 billion during the quarter, compared to the consensus estimate 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%. As a group, equities research analysts expect that Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München will post 0.46 earnings per share for the current year.

About Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München

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.