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MS&AD Insurance Group (OTCMKTS:MSADY) Shares Gap Up - Here's Why

MS&AD Insurance Group logo with Finance background

MS&AD Insurance Group Holdings Inc. (OTCMKTS:MSADY - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $21.55, but opened at $22.67. MS&AD Insurance Group shares last traded at $22.06, with a volume of 3,604 shares traded.

Analysts Set New Price Targets

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

Read Our Latest Research Report on MS&AD Insurance Group

MS&AD Insurance Group Stock Performance

The firm has a market cap of $35.06 billion, a PE ratio of 7.44 and a beta of 0.42. The company has a 50 day simple moving average of $22.59 and a 200-day simple moving average of $21.70. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.25 and a quick ratio of 0.25.

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 firm 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%. As a group, equities research analysts anticipate that MS&AD Insurance Group Holdings Inc. will post 2.95 EPS for the current year.

MS&AD Insurance Group Company Profile

(Get Free Report)

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.

Further Reading

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