Erste Group Bank Upgrades M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) to Strong-Buy

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) was upgraded by equities research analysts at Erste Group Bank from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Several other equities analysts also recently weighed in on the company. Kepler Capital Markets began coverage on M�nchener R�ckversicherungs-Gesellschaft in a research report on Friday, January 16th. They set a “buy” rating for the company. Zacks Research cut M�nchener R�ckversicherungs-Gesellschaft from a “strong-buy” rating to a “hold” rating in a report on Monday, February 16th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

M�nchener R�ckversicherungs-Gesellschaft Price Performance

MURGY stock opened at $12.61 on Thursday. The company’s 50 day simple moving average is $12.46 and its 200-day simple moving average is $12.59. The firm has a market capitalization of $81.72 billion, a PE ratio of 7.12, a P/E/G ratio of 1.45 and a beta of 0.48. M�nchener R�ckversicherungs-Gesellschaft has a 12 month low of $11.31 and a 12 month high of $14.41.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last issued its quarterly earnings data on Thursday, February 26th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, hitting 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 firm had revenue of $19.77 billion during the quarter, compared to the consensus estimate of $19.51 billion. As a group, sell-side analysts anticipate that M�nchener R�ckversicherungs-Gesellschaft will post 0.46 earnings per share for the current year.

M�nchener R�ckversicherungs-Gesellschaft Company Profile

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.