November 29, 2016 - By Adrian Mccoy
Kepler Cheuvreux gave Munich Re (ADR) (OTC:MURGY) shares a new “Reduce” rating in a a note released on Tuesday, 29 November. This is cut from the old “Hold” rating.
Out of 3 analysts covering Munich Re (ADR) (OTC:MURGY), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Munich Re (ADR) has been the topic of 3 analyst reports since September 21, 2015 according to StockzIntelligence Inc. The company was upgraded on Wednesday, November 25 by BNP Paribas. The rating was upgraded by Societe Generale to “Buy” on Monday, October 26. The firm has “Hold” rating by Jefferies given on Monday, September 21.
The stock increased 0.30% or $0.05 on November 29, hitting $18.33. About 145,272 shares traded hands or 147.81% up from the average. Muenchener Rueckversicherungs-Ges.AG-ADR (OTC:MURGY) has declined 6.50% since April 26, 2016 and is downtrending. It has underperformed by 11.76% the S&P500.
Analysts await Muenchener Rueckversicherungs-Ges.AG-ADR (OTCMKTS:MURGY) to report earnings on March, 15.
Muenchener Rueckversicherungs Gesellschaft in Muenchen AG is a Germany firm engaged in reinsurance and insurance business. The company has a market cap of $29.44 billion. The Firm divides its activities into reinsurance, primary insurance, and Munich Health and Asset management. It currently has negative earnings. The Reinsurance business comprises five divisions: Life; Europe and Latin America; Germany, Asia Pacific and Africa; Special and Financial Risks, and Global Clients and North America.
According to Zacks Investment Research, “MÃ¼nchener RÃ¼ckversicherungs-Gesellschaft is engaged in the insurance and reinsurance businesses worldwide. The segments that form the basis of its integrated business model are Reinsurance, Primary insurance and Munich Health. The company’s reinsurance products include casualty reinsurance, property reinsurance, marine reinsurance and special lines reinsurance along with life and health reinsurance. Its primary insurance segment offers its clients a broad range of products of insurances for private, commercial and industrial needs. The Company provides life and property insurance along with health insurance, legal expenses insurance and travel insurance. Munich Health brand combines its global healthcare knowledge in primary insurance and reinsurance. MÃ¼nchener RÃ¼ckversicherungs-Gesellschaft is headquartered in Munich, Germany.”
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By Adrian Mccoy