Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) Short Interest Up 22.4% in April

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGYGet Rating) was the target of a large increase in short interest in April. As of April 15th, there was short interest totalling 6,000 shares, an increase of 22.4% from the March 31st total of 4,900 shares. Based on an average daily volume of 146,600 shares, the short-interest ratio is currently 0.0 days.

Several analysts have commented on MURGY shares. JPMorgan Chase & Co. lowered their target price on shares of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from €335.00 ($352.63) to €330.00 ($347.37) in a research note on Thursday, February 24th. Societe Generale upgraded shares of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from a “hold” rating to a “buy” rating in a report on Tuesday, March 29th. Morgan Stanley lowered shares of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from an “overweight” rating to an “equal weight” rating in a report on Tuesday, April 5th. The Goldman Sachs Group initiated coverage on shares of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München in a report on Thursday, February 10th. They issued a “buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from €275.00 ($289.47) to €260.00 ($273.68) in a report on Wednesday, March 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $275.25.

Shares of OTCMKTS:MURGY traded down $0.10 during midday trading on Tuesday, hitting $23.55. 237,187 shares of the company’s stock traded hands, compared to its average volume of 100,558. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.24 and a current ratio of 0.24. The company has a market cap of $33.00 billion, a PE ratio of 9.54 and a beta of 1.05. The firm’s fifty day moving average price is $25.96 and its two-hundred day moving average price is $28.28. Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München has a twelve month low of $22.27 and a twelve month high of $31.95.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGYGet Rating) last posted its earnings results on Wednesday, February 23rd. The financial services provider reported $0.71 earnings per share for the quarter. The business had revenue of $19.08 billion for the quarter. Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München had a net margin of 4.44% and a return on equity of 9.56%.

About Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (Get Rating)

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München engages in the insurance and reinsurance businesses worldwide. The company 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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