MS&AD Insurance Group (OTCMKTS:MSADY) Shares Gap Up – Still a Buy?

MS&AD Insurance Group Holdings Inc. (OTCMKTS:MSADYGet Free Report) gapped up before the market opened 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.

Wall Street Analyst Weigh In

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

Check Out Our Latest Report on MS&AD Insurance Group

MS&AD Insurance Group Stock Performance

The company’s 50 day moving average is $22.59 and its 200 day moving average is $21.70. The firm has a market cap of $35.14 billion, a P/E ratio of 7.46 and a beta of 0.42. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.25 and a current ratio of 0.25.

MS&AD Insurance Group (OTCMKTS:MSADYGet Free Report) last released its quarterly earnings results on Tuesday, May 20th. The insurance provider reported $0.34 earnings per share for the quarter. The company had revenue of $9.39 billion for 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 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

(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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