M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Shares Shorted: Short Interest Up 96.7% in September
by Sarita Garza · The Markets DailyM�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY – Get Free Report) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 65,185 shares, a growth of 96.7% from the September 15th total of 33,141 shares. Based on an average trading volume of 2,922,752 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.
M�nchener R�ckversicherungs-Gesellschaft Price Performance
OTCMKTS MURGY traded down $0.02 during midday trading on Wednesday, hitting $11.86. The company had a trading volume of 845,725 shares, compared to its average volume of 806,660. The company has a market capitalization of $74.61 billion, a PE ratio of 4.73, a P/E/G ratio of 1.92 and a beta of 0.36. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average price of $11.78 and a 200-day moving average price of $11.69. M�nchener R�ckversicherungs-Gesellschaft has a twelve month low of $10.09 and a twelve month high of $13.68.
M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY – Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The financial services provider reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.11. The company had revenue of $17.65 billion for the quarter, compared to analysts’ expectations of $18.75 billion. M�nchener R�ckversicherungs-Gesellschaft had a return on equity of 20.81% and a net margin of 11.49%. As a group, analysts anticipate that M�nchener R�ckversicherungs-Gesellschaft will post 1.20 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, Zacks Research raised shares of M�nchener R�ckversicherungs-Gesellschaft from a “strong sell” rating to a “hold” rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, M�nchener R�ckversicherungs-Gesellschaft presently has an average rating of “Hold”.
Check Out Our Latest Research Report on M�nchener R�ckversicherungs-Gesellschaft
M�nchener R�ckversicherungs-Gesellschaft Company Profile
Münchener Rückversicherungs-Gesellschaft AG, known internationally as Munich Re, is a Germany-based insurance group whose core business is reinsurance. Through its reinsurance operations, the company helps insurance providers manage and transfer risks arising from natural catastrophes, climate-related events, large property losses, liability claims, health expenses, and other complex exposures.
Munich Re also operates a primary insurance business through ERGO Group. ERGO provides insurance and related financial services to individuals and businesses, including life, health, property and casualty, legal expenses, and travel insurance.