Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) Sees Large Growth in Short Interest

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 157,000 shares, an increase of 86.7% from the February 28th total of 84,100 shares. Based on an average daily trading volume, of 370,300 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the shares of the stock are short sold.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Trading Up 0.6 %

Shares of MURGY stock opened at $12.78 on Monday. Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München has a twelve month low of $8.44 and a twelve month high of $12.80. The stock’s fifty day simple moving average is $11.54 and its 200 day simple moving average is $10.82. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $85.47 billion, a P/E ratio of 8.31, a P/E/G ratio of 1.72 and a beta of 0.98.

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. The Goldman Sachs Group cut Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 24th. UBS Group downgraded shares of 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 upgraded shares of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München to a “strong-buy” rating in a research report on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

About Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München

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.