MS&AD Insurance Group (OTCMKTS:MSADY) Shares Gap Up - What's Next?

Key Points

• MS&AD Insurance Group shares experienced a notable gap up, opening at $24.71, after a previous close of $23.82.
• The company's recent earnings report revealed an EPS of $0.96, missing expectations of $1.00, although revenue surpassed forecasts at $13.98 billion.
• Nomura Securities upgraded the stock's rating to "hold," and the company currently holds a market capitalization of $39.07 billion.

Shares of MS&AD Insurance Group Holdings Inc. (OTCMKTS:MSADY - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $23.82, but opened at $24.71. MS&AD Insurance Group shares last traded at $24.71, with a volume of 38,176 shares.

Analysts Set New Price Targets

Separately, Nomura Securities upgraded MS&AD Insurance Group to a "hold" rating in a research report on Tuesday, June 3rd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, MS&AD Insurance Group has a consensus rating of "Hold".

MS&AD Insurance Group Stock Performance

The firm has a market cap of $37.07 billion, a PE ratio of 7.39 and a beta of 0.39. The firm has a 50-day moving average price of $22.87 and a two-hundred day moving average price of $22.34. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.14.

MS&AD Insurance Group (OTCMKTS:MSADY - Get Free Report) last released its earnings results on Friday, August 8th. The insurance provider reported $0.96 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.04). MS&AD Insurance Group had a net margin of 10.57% and a return on equity of 16.56%. The firm had revenue of $13.98 billion during the quarter, compared to analysts' expectations of $12.90 billion. MS&AD Insurance Group has set its FY 2025 guidance at 2.670-2.670 EPS. Research analysts forecast that MS&AD Insurance Group Holdings Inc. will post 2.95 EPS 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.