MS&AD Insurance Group (OTCMKTS:MSADY) Shares Gap Up – Here’s What Happened

MS&AD Insurance Group Holdings Inc. (OTCMKTS:MSADY)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $25.42, but opened at $27.90. MS&AD Insurance Group shares last traded at $27.18, with a volume of 4,124 shares.

MS&AD Insurance Group Price Performance

The business has a 50 day simple moving average of $25.70 and a 200 day simple moving average of $24.52. The company has a market capitalization of $40.44 billion, a price-to-earnings ratio of 8.29 and a beta of 0.34.

MS&AD Insurance Group (OTCMKTS:MSADY) last posted its quarterly earnings data on Friday, February 13th. The insurance provider reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.42. MS&AD Insurance Group had a return on equity of 17.40% and a net margin of 9.90%.The firm had revenue of $11.75 billion for the quarter, compared to the consensus estimate of $12.83 billion.

MS&AD Insurance Group Company Profile

MS&AD Insurance Group (OTCMKTS:MSADY) is a Tokyo-based insurance holding company that operates primarily in property and casualty insurance while also offering life, reinsurance and risk management services. The group underwrites a broad range of commercial and personal insurance products designed to protect against motor, fire, marine, casualty, liability and specialty risks, and it provides related services such as claims handling, underwriting, and loss-prevention consulting.

The group’s operating structure comprises multiple subsidiaries that serve distinct market functions, including well-known domestic insurers such as Mitsui Sumitomo Insurance and Aioi Nissay Dowa Insurance, along with affiliated businesses that provide reinsurance, asset management and risk consulting services.