Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) Reaches New 1-Year High – Still a Buy?

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $12.87 and last traded at $12.75, with a volume of 173436 shares. The stock had previously closed at $12.65.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. The Goldman Sachs Group lowered shares of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. UBS Group lowered Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 19th. Finally, Barclays raised Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München to a “strong-buy” rating in a research note on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München presently has an average rating of “Hold”.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Stock Performance

The company has a market cap of $85.27 billion, a price-to-earnings ratio of 8.29, a PEG ratio of 1.72 and a beta of 0.98. The firm’s 50 day simple moving average is $11.59 and its 200-day simple moving average is $10.84. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.12 and a current ratio of 1.12.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) last posted its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). The company had revenue of $16.34 billion during the quarter, compared to analysts’ expectations of $19.10 billion. Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München had a net margin of 8.61% and a return on equity of 18.94%. On average, sell-side analysts predict that Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München will post 0.46 EPS for the current year.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Company Profile

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.