MS&AD Insurance Group (OTCMKTS:MSADY) Share Price Crosses Below 200-Day Moving Average - Here's Why

MS&AD Insurance Group Holdings Inc. (OTCMKTS:MSADY - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $21.65 and traded as low as $21.09. MS&AD Insurance Group shares last traded at $21.19, with a volume of 57,701 shares.

Analysts Set New Price Targets

Separately, Nomura Securities raised shares of MS&AD Insurance Group to a "hold" rating in a research report on Tuesday, June 3rd.

MS&AD Insurance Group Trading Down 1.4%

The company has a debt-to-equity ratio of 0.15, a current ratio of 0.25 and a quick ratio of 0.25. The company's fifty day moving average is $22.34 and its 200-day moving average is $21.65. The stock has a market cap of $34.66 billion, a PE ratio of 7.35 and a beta of 0.38.

MS&AD Insurance Group (OTCMKTS:MSADY - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The insurance provider reported $0.34 earnings per share for the quarter. The business had revenue of $9.39 billion during the quarter. MS&AD Insurance Group had a return on equity of 16.56% and a net margin of 10.42%. On average, analysts predict that MS&AD Insurance Group Holdings Inc. will post 2.95 earnings per share for the current fiscal year.

About MS&AD Insurance Group

MS&AD Insurance Group Holdings, Inc, an insurance holding company, provides insurance and financial services worldwide. The company offers domestic non-life insurance; life insurance; international business; financial services; and provides risk-related services. The company was formerly known as Mitsui Sumitomo Insurance Group Holdings, Inc and changed its name to MS&AD Insurance Group Holdings, Inc in April 2010.