Short Interest in Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) Drops By 73.0%

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY – Get Rating) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totalling 19,700 shares, a drop of 73.0% from the April 30th total of 72,900 shares. Based on an average trading volume of 791,700 shares, the short-interest ratio is currently 0.0 days.

Shares of MURGY stock traded down $0.09 during trading hours on Thursday, hitting $23.86. 88,777 shares of the company were exchanged, compared to its average volume of 142,718. The firm has a fifty day simple moving average of $25.11 and a 200 day simple moving average of $27.60. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.01. Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München has a 52-week low of $22.27 and a 52-week high of $31.95. The stock has a market capitalization of $33.43 billion, a price-to-earnings ratio of 9.70 and a beta of 1.06.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY – Get Rating) last issued its quarterly earnings results on Wednesday, February 23rd. The financial services provider reported $0.71 earnings per share (EPS) for the quarter. Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München had a net margin of 4.45% and a return on equity of 9.46%. The company had revenue of $19.08 billion during the quarter.

MURGY has been the subject of several analyst reports. The Goldman Sachs Group started coverage on shares of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München in a research note on Thursday, February 10th. They set a “buy” rating for the company. Morgan Stanley cut shares of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, April 5th. Societe Generale upgraded shares of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from a “hold” rating to a “buy” rating in a research report on Tuesday, March 29th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from €275.00 ($292.55) to €260.00 ($276.60) in a research report on Wednesday, March 16th. Finally, UBS Group increased their price objective on shares of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from €266.00 ($282.98) to €270.00 ($287.23) and gave the stock a “buy” rating in a research report on Monday, April 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München currently has an average rating of “Hold” and an average price target of $275.25.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Company Profile (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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