Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) Posts Earnings Results, Misses Expectations By $0.01 EPS

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) released its quarterly earnings results on Wednesday. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01), Zacks reports. Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München had a net margin of 8.61% and a return on equity of 18.94%.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Trading Up 2.4 %

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München stock traded up $0.27 during mid-day trading on Wednesday, hitting $11.20. The stock had a trading volume of 263,680 shares, compared to its average volume of 353,813. The stock has a 50-day simple moving average of $10.60 and a two-hundred day simple moving average of $10.53. 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 market capitalization of $74.91 billion, a PE ratio of 7.28, a P/E/G ratio of 1.72 and a beta of 1.03. Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München has a 12 month low of $8.44 and a 12 month high of $11.44.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Barclays upgraded shares of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München to a “strong-buy” rating in a research report on Tuesday, January 28th. UBS Group lowered shares of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 19th.

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.