M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Coverage Initiated at Kepler Capital Markets

Equities researchers at Kepler Capital Markets began coverage on shares of M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) in a report released on Friday, Marketbeat Ratings reports. The brokerage set a “buy” rating on the financial services provider’s stock.

Separately, Zacks Research raised M�nchener R�ckversicherungs-Gesellschaft from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

M�nchener R�ckversicherungs-Gesellschaft Stock Up 1.2%

Shares of OTCMKTS MURGY opened at $12.21 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market capitalization of $79.76 billion, a price-to-earnings ratio of 6.94, a PEG ratio of 1.17 and a beta of 0.52. The stock has a 50 day moving average price of $12.68 and a 200 day moving average price of $12.83. M�nchener R�ckversicherungs-Gesellschaft has a 52-week low of $10.31 and a 52-week high of $14.41.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last released its quarterly earnings results on Tuesday, November 11th. The financial services provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.34 by $0.02. M�nchener R�ckversicherungs-Gesellschaft had a net margin of 10.34% and a return on equity of 19.63%. The business had revenue of $20.21 billion for the quarter, compared to analyst estimates of $19.35 billion. Sell-side analysts expect that M�nchener R�ckversicherungs-Gesellschaft will post 0.46 earnings per share for the current year.

About M�nchener R�ckversicherungs-Gesellschaft

Münchener Rückversicherungs-Gesellschaft (OTCMKTS:MURGY), commonly known as Munich Re, is a global reinsurance company headquartered in Munich, Germany. The firm’s core business is providing reinsurance solutions to primary insurers, covering property–casualty and life & health risks. Munich Re also offers specialty reinsurance products for complex or large-scale exposures and develops tailored risk-transfer solutions for clients facing catastrophic, industrial, or longevity risks.

In addition to its reinsurance operations, Munich Re conducts primary insurance activities through its ERGO Group subsidiary, which markets life, health, property & casualty, and legal protection insurance to retail and corporate customers.