Muenchener Ruckvrschrg Gslcht AG Mch (OTCMKTS:MURGY) Shares Pass Above 50-Day Moving Average of $28.17

Muenchener Ruckvrschrg Gslcht AG Mch (OTCMKTS:MURGY) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $28.17 and traded as high as $28.96. Muenchener Ruckvrschrg Gslcht AG Mch shares last traded at $28.72, with a volume of 26,368 shares.

MURGY has been the topic of several recent analyst reports. Commerzbank upgraded shares of Muenchener Ruckvrschrg Gslcht AG Mch from a “hold” rating to a “buy” rating in a report on Monday, August 31st. ValuEngine upgraded Muenchener Ruckvrschrg Gslcht AG Mch from a “strong sell” rating to a “sell” rating in a research note on Friday, August 7th. UBS Group restated a “neutral” rating on shares of Muenchener Ruckvrschrg Gslcht AG Mch in a research note on Wednesday, May 27th. Barclays reaffirmed an “overweight” rating on shares of Muenchener Ruckvrschrg Gslcht AG Mch in a report on Tuesday, September 8th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Muenchener Ruckvrschrg Gslcht AG Mch in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. Muenchener Ruckvrschrg Gslcht AG Mch has a consensus rating of “Buy”.

The firm has a market cap of $40.23 billion, a P/E ratio of 19.27 and a beta of 0.83. The company’s 50 day moving average is $28.17 and its two-hundred day moving average is $24.38.

Muenchener Ruckvrschrg Gslcht AG Mch (OTCMKTS:MURGY) last posted its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.46 EPS for the quarter. Muenchener Ruckvrschrg Gslcht AG Mch had a return on equity of 7.78% and a net margin of 3.45%. The firm had revenue of $15.68 billion during the quarter.

Muenchener Ruckvrschrg Gslcht AG Mch Company Profile (OTCMKTS:MURGY)

M├╝nchener R├╝ckversicherungs-Gesellschaft Aktiengesellschaft engages in the insurance and reinsurance businesses worldwide. It operates through five segments: Life and Health Reinsurance; Property-Casualty Reinsurance; ERGO Life and Health Germany; ERGO Property-Casualty Germany; and ERGO International.

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