M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Upgraded at Erste Group Bank

Erste Group Bank upgraded shares of M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) from a hold rating to a strong-buy rating in a report released on Thursday morning,Zacks.com reports.

MURGY has been the topic of several other reports. Zacks Research cut shares of M�nchener R�ckversicherungs-Gesellschaft from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 16th. Kepler Capital Markets assumed coverage on shares of M�nchener R�ckversicherungs-Gesellschaft in a research report on Friday, January 16th. They set a “buy” rating for the company. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

M�nchener R�ckversicherungs-Gesellschaft Stock Performance

OTCMKTS MURGY opened at $12.61 on Thursday. The business’s 50-day moving average price is $12.46 and its 200 day moving average price is $12.59. M�nchener R�ckversicherungs-Gesellschaft has a twelve month low of $11.31 and a twelve month high of $14.41. The company has a market capitalization of $81.72 billion, a PE ratio of 7.12, a price-to-earnings-growth ratio of 1.45 and a beta of 0.48.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last posted its quarterly earnings results on Thursday, February 26th. The financial services provider reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. M�nchener R�ckversicherungs-Gesellschaft had a return on equity of 19.90% and a net margin of 10.19%.The company had revenue of $19.77 billion during the quarter, compared to analysts’ expectations of $19.51 billion. Equities analysts predict that M�nchener R�ckversicherungs-Gesellschaft will post 0.46 EPS 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.