Latest News for MS&AD Insurance Group Stock (OTC:MSADY)

MS&AD Insurance Group

MS&AD is Japan's second-biggest nonlife insurer, trailing industry leader Tokio Marine in the scale of global operations although not in Japan. Like Tokio Marine and Sompo, MS&AD has grown into a second-tier presence in the domestic life insurance market since life and non-life insurance were mutually deregulated in 1996. Overseas, it is less focused on the US market than its two Japanese rivals and more focused on emerging Asia, but its acquisition of Lloyd's syndicate Amlin in 2017 has increased its exposure to the European and North American markets. MS&AD has historical business connections with the Mitsui and Sumitomo groups (the 'MS' in the company name) and has a long-term partnership with Toyota Motor that is advantageous in acquiring auto insurance customers.

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MS&AD INS GRP HL UNSP/ADR by MS&AD Insurance Group Holdings, Inc.

MS&AD Insurance Group Holdings Inc

First Eagle Overseas Fund 2nd Quarter 2023 Commentary

Berkshire Hathaway (BRK.B) possesses an extensive and diversified portfolio that exceeds the combined assets of several tech giants. Moreover, the company has delivered robust second-quarter earnings. Does this hint at a forthcoming buy opportunity for BRK.B? Let's find out... Warren Buffett's renowned conglomerate, Berkshire Hathaway Inc. (<a href="https://stocknews.com/stock/BRK.B/">BRK.B</a>), commands a vast portfolio spanning numerous industries, from insurance and energy to railroads, real estate, manufacturing, and retail. The latest earnings report for the second quarter disclosed assets totaling a substantial <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-trillion-assets-big-tech-tesla-nvidia-2023-8">$1.04 trillion</a> as of June's end.
This staggering amount surpasses Amazon.com, Inc.'s (<a href="https://stocknews.com/stock/AMZN/">AMZN</a>) and Apple Inc.'s (<a href="https://stocknews.com/stock/AAPL/">AAPL</a>) asset bases combined by more than double and triple, respectively. Moreover, it eclipses the combined assets of Microsoft Corporation (<a href="https://stocknews.com/stock/MSFT/">MSFT</a>), Meta Platforms, Inc. (<a href="https://stocknews.com/stock/META/">META</a>), and Alphabet Inc. (<a href="https://stocknews.com/stock/GOOGL/">GOOGL</a>).
Additionally, the revered "Oracle of Omaha" disclosed a robust uptick in second-quarter operating earnings. These earnings, spanning the diverse spectrum of the company's businesses, such as insurance, railroads, and utilities, reached $10.043 billion in the last quarter, marking a 6.6% year-over-year increase.
BRK.B also witnessed an impressive turnaround in its net income fueled by substantial growth in the company's <a href="https://www.cnbc.com/2023/08/05/berkshire-hathaway-brk-earnings-q2-2023.html">insurance underwriting</a> and investment income. Shares of BRK.B have gained 11.2% over the past six months and 22.5% over the past year to close the last trading session at $343.69.
Here is what could shape BRK.B's performance in the near term:
Solid Financials
For the second quarter that ended June 30, 2023, BRK.B's total revenue increased 21.4% year-over-year to $92.50 billion. Its net earnings came in at $36.20 billion, compared to a net loss of $43.24 billion in the prior year's period, whereas net earnings per average equivalent Class B share stood at $16.52, compared to a loss per share of $19.78 in the prior year's quarter.
In addition, as of June 30, 2023, the company's cash and cash equivalents amounted to $44.61 billion, compared to $32.26 billion as of December 31, 2022. Also, its total assets came in at $1.04 trillion, up from $948.47 billion as of December 31, 2022
Favorable Analyst Estimates
The consensus revenue estimate of $317.04 billion for the fiscal year ending December 2023 reflects a 5% year-over-year improvement. Likewise, the consensus EPS estimate of $17.81 for the ongoing year exhibits a 27.4% rise from the previous year. Also, the company surpassed the consensus EPS estimates in three of the four trailing quarters.
In addition, analysts expect the company's revenue and EPS for the next fiscal year ending December 2024 to grow 6.2% and 5.8% from the previous year to $336.53 billion and $18.84, respectively.
Historical Growth Record
Over the past three years, BRK.B's revenue and EBITDA increased at a CAGR of 10.3% and 31.3%, respectively. Its net income and EPS grew at respective CAGRs of 57.4% and 63.1%. In addition, the company's total assets and <a href="https://www.investopedia.com/terms/l/levered-free-cash-flow.asp">levered free cash flow</a> rose at a CAGR of 9.7% and 36.9%, respectively.
High Profitability
BRK.B's trailing-12-month EBITDA margin of 36.58% is 83.1% higher than the industry average of 19.98%. Also, the stock's trailing-12-month levered FCF margin and CAPEX/Sales of 22.03% and 5.11% are 50.3% and 155.1% higher than the industry averages of 14.65% and 2.01%, respectively.
Discounted Valuation
In terms of trailing-12-month PEG, BRK.B is trading at 0.01x, 96.3% lower than the industry average of 0.37x. Its trailing-12-month EV/Sales of 2.22x is 19.7% lower than the 2.76x industry average. Moreover, BRK.B's trailing-12-month EV/EBITDA of 6.07x is 48.9% lower than the 11.88x industry average.
POWR Ratings Reflect Solid Prospects
BRK.B's sound fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which equates to Buy in our proprietary rating system. The POWR Ratings are calculated by taking into account 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. BRK.B has a B grade for Growth, justified by its solid past growth record. Also, the stock has a B for Sentiment, consistent with its favorable estimates.
BRK.B is ranked #21 in the 55-stock B-rated <a href="https://stocknews.com/category/property-casualty-insurance/">Insurance - Property &amp; Casualty</a> industry. <a href="https://stocknews.com/stock/BRK.B/">Click here</a> to access BRK.B's Value, Momentum, Stability, and Quality ratings.
Bottom Line
With a diverse portfolio spanning multiple industries and substantial assets, BRK.B outpaces even the giants like AMZN and AAPL combined. Furthermore, the company robustly performed in its second quarter, marked by a substantial stock portfolio, noteworthy operating earnings growth, and a remarkable net income reversal.
Coupled with its strong profitability, discounted valuation, and solid track record of growth, BRK.B presents an attractive buy opportunity at present.
How Does Berkshire Hathaway Inc. (BRK.B) Stack Up Against Its Peers?
While BRK.B has an overall grade of B, equating to a Buy rating, you may also check out these other stocks within the <a href="https://stocknews.com/category/property-casualty-insurance/">Insurance - Property &amp; Casualty</a> industry: Fairfax Financial Holdings Limited (<a href="https://stocknews.com/stock/FRFHF/">FRFHF</a>), MS&amp;AD Insurance Group Holdings, Inc. (<a href="https://stocknews.com/stock/MSADY/">MSADY</a>) and Old Republic International Corporation (<a href="https://stocknews.com/stock/ORI/">ORI</a>) with an A (Strong Buy) and B (Buy) ratings. For exploring more A-rated and B-rated Home Insurance - Property &amp; Casualty stocks, <a href="https://stocknews.com/category/property-casualty-insurance/">click here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
BRK.B shares were trading at $344.13 per share on Thursday afternoon, up $0.44 (+0.13%). Year-to-date, BRK.B has gained 11.40%, versus a 12.12% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/brk-b-frfhf-msady-ori-does-berkshire-hathaway-brk-b-have-a-buy-opportunity-on-the/>Does Berkshire Hathaway (BRK.B) Have a Buy Opportunity on the Horizon?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Does Berkshire Hathaway (BRK.B) Have a Buy Opportunity on the Horizon?

Is Berkshire Hathaway (BRK.B) a Buy After Earnings?

Despite signs of the Fed achieving a soft landing, additional rate hikes could be in the offing. Insurance companies usually benefit from rising interest rates. Amid this backdrop, it could be prudent to buy fundamentally strong insurance stocks Loews (L), MS&AD Insurance Group (MSADY), and The Hartford Financial Services Group (HIG) this month. Read more… Insurance companies are known to do well in a rising interest rate environment. Although the Fed is widely expected to keep interest rates steady at the next policy meeting in December, central bank officials have indicated more rate hikes could be in the offing.
To that end, it could be wise to buy fundamentally strong insurance stocks Loews Corporation (<a href="https://stocknews.com/stock/L/">L</a>), MS&amp;AD Insurance Group Holdings, Inc. (<a href="https://stocknews.com/stock/MSADY/">MSADY</a>), and The Hartford Financial Services Group, Inc. (<a href="https://stocknews.com/stock/HIG/">HIG</a>) in November for substantial returns.
Before discussing these stocks in detail, let's discuss why the insurance industry is worth looking at.
The need for insurance is imperative in today's world of uncertainties. The insurance industry appeals to conservative investors since these businesses are known to prosper regardless of the state of the economy. Various types of insurance are required by law to help protect people against unforeseen losses.
Insurance companies generate revenue by charging premiums from policyholders for the policies they sell. They invest these premiums in various financial instruments such as bonds, stocks, and real estate. Although rising interest rates affect most sectors, the financial sector, which includes insurers, benefits.
Insurers hold long-term safe bonds to meet their promised returns to policyholders. In a rising interest rate environment, their investments yield higher returns. Moreover, insurance companies may be able to charge higher premiums due to the increased cost of capital. This can lead to improved <a href="https://www.investopedia.com/terms/u/underwriting-income.asp">underwriting margins</a>.
The Fed left interest rates <a href="https://www.cnbc.com/2023/11/01/fed-meeting-november-2023-.html">unchanged</a> for the second time in a row following 11 consecutive rate hikes since March 2022, including four this year. The Fed has held the benchmark interest rates steady between 5.25% and 5.5% since July. In September, the consumer price index (CPI) grew <a href="https://www.cnbc.com/2023/10/12/cpi-september-2023.html">0.4% sequentially and 3.7% year-over-year</a>, coming in higher than economists' estimates of 0.3% and 3.6%, respectively.
However, the expectations of the U.S. economy experiencing a soft landing rose after the recently released jobs data that showed nonfarm payrolls rose less than analyst estimates. Nonfarm payrolls rose <a href="https://www.cnbc.com/2023/11/03/jobs-report-october-2023-us-payrolls-increased-by-150000-in-october-less-than-expected.html">150,000 in October</a>, coming in below the consensus forecast of 170,000. The rise in nonfarm payrolls was lower than September's 297,000 gain. The unemployment rate rose to 3.9%, the highest since January 2022.
Despite signs of the Fed managing to slow the economy, central bank officials insist that the incoming macroeconomic data should shape their policy decisions. Many central bankers have said that additional rate increases could be in the offing. Minneapolis Fed President Neel Kashkari believes that the central bank likely has <a href="https://finance.yahoo.com/news/kashkari-fed-more-control-inflation-001603730.html">more work ahead</a> to control inflation. This could be beneficial for insurers.
The global property and casualty insurance market is expected to <a href="https://www.yahoo.com/now/property-casualty-insurance-market-grow-180000894.html">rise at a CAGR of 6.7%</a> from 2023 to 2033. Investors' interest in the property and casualty insurance industry is evident from the Invesco Property &amp; Casualty Insurance ETF's (<a href="https://stocknews.com/stock/KBWP/">KBWP</a>) 5.6% returns over the past three months.
Considering this favorable backdrop, let's evaluate the three <a href="https://stocknews.com/category/property-casualty-insurance/">Insurance - Property &amp; Casualty</a> stock picks, beginning with the third choice.
Stock #3: Loews Corporation (<a href="https://stocknews.com/stock/L/">L</a>)
L provides commercial property and casualty insurance in the United States and internationally. The company offers specialty insurance products like management and professional liability, other coverage products, surety and fidelity bonds, property insurance, and casualty insurance.
In terms of the trailing-12-month Return on Total Assets (ROTA), L's 2% is 74.6% higher than the 1.15% industry average. Likewise, its 4.44% trailing-12-month Capex/Sales is 123.1% higher than the industry average of 1.99%.
For the fiscal third quarter that ended September 30, 2023, L's total revenues increased 13.4% year-over-year to $3.93 billion. Its <a href="https://www.investopedia.com/terms/a/adjusted-ebitda.asp">adjusted EBITDA</a> stood at $60 million. Also, net income attributable to L came in at $253 million, compared to a net loss of $22 million in the prior year's quarter.
In addition, L's net income per share attributable to L came in at $1.12, compared to a loss per share of $0.09 a year ago.
Over the past year, the stock has gained 16.4% to close the last trading session at $65.89.
L's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this promising outlook. It has an overall rating of B, which equates to Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It has an A grade for Momentum and a B for Growth, Stability, and Sentiment. It is ranked #4 out of 56 stocks in the <a href="https://stocknews.com/category/property-casualty-insurance/">Insurance - Property &amp; Casualty</a> industry. To see the other ratings of L for Value and Quality, <a href="https://stocknews.com/stock/L/">click here</a>.
Stock #2: MS&amp;AD Insurance Group Holdings, Inc. (<a href="https://stocknews.com/stock/MSADY/">MSADY</a>)
Headquartered in Tokyo, Japan, MSADY is an insurance holding company that provides insurance and financial services worldwide. The company offers fire and allied, marine, personal accident, voluntary automobile, compulsory automobile liability, non-insurance products, life insurance products, and reinsurance services. It also provides risk-related services.
In terms of the trailing-12-month Return on Total Capital (ROTC), MSADY's 7.15% is 11% higher than the 6.44% industry average. Likewise, its 0.23x trailing-12-month asset turnover ratio is 11.1% higher than the industry average of 0.21x.
MSADY's ordinary income for the first quarter ended June 30, 2023, increased 50.5% year-over-year to ¥1.98 trillion ($13.06 billion). Its ordinary profit rose 34.5% year-over-year to ¥155.45 billion ($1.03 billion). The company's net income attributable to owners of parent increased 42.8% over the prior-year quarter to ¥111.62 billion ($736.41 million).
Furthermore, the company's net income attributable to owners of the parent per share came in at ¥209.01, representing an increase of 46.3% year-over-year.
For the fiscal year 2024, MSADY's revenue is expected to increase 173.8% year-over-year to $38.82 billion. Over the past year, the stock has gained 28.2% to close the last trading session at $18.48.
MSADY's strong fundamentals are reflected in its POWR Ratings. It has an overall B rating, equating to a Buy in our proprietary rating system.
It has an A grade for Growth and Momentum and a B for Value and Stability. Within the same industry, MSADY is ranked #3.
<a href="https://stocknews.com/stock/MSADY/">Click here</a> to see the other ratings of MSADY for Sentiment and Quality.
Stock #1: The Hartford Financial Services Group, Inc. (<a href="https://stocknews.com/stock/HIG/">HIG</a>)
HIG provides insurance and financial services to individual and business customers internationally. The company's segments include Commercial Lines; Personal Lines; Property &amp; Casualty Other Operations; Group Benefits; and Hartford Funds.
In terms of the trailing-12-month Return on Total Assets (ROTA), HIG's 3.11% is 171.3% higher than the 1.15% industry average. Likewise, its 0.33x trailing-12-month asset turnover ratio is 56.6% higher than the industry average of 0.21x. Further, the stock's 17.72% trailing-12-month Return on Common Equity (ROCE) is 52.8% higher than the industry average of 11.59%.
For the third quarter ended September 30, 2023, HIG's net income available to common stockholders increased 93% year-over-year to $645 million. Its core earnings rose 50% over the prior-year quarter to $708 million. The company's net income available to common stockholders per share increased 105% year-over-year to $2.09. Also, its total revenues came in at $6.17 billion, up 10.5% year-over-year.
Analysts expect HIG's EPS and revenue for the fourth quarter (ending December 31, 2023) to increase 0.6% and 5.7% year-over-year to $2.32 and $6.36 billion, respectively. Moreover, the company surpassed the consensus EPS estimates in three of the trailing four quarters.
Over the past six months, the stock has gained 5.9% to close the last trading session at $73.97.
HIG's promising prospects are reflected in its POWR Ratings. It has an overall rating of B, which translates to a Buy in our proprietary rating system.
It is ranked first in the Insurance - Property &amp; Casualty industry. It has an A grade for Momentum and a B for Stability and Sentiment.
To see the additional ratings of HIG for Growth, Value, and Quality, <a href="https://stocknews.com/stock/HIG/">click here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
HIG shares were unchanged in premarket trading Monday. Year-to-date, HIG has declined -0.72%, versus a 16.14% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Dipanjan Banchur</h2> <img src='https:/wp-content/uploads/2021/11/Dipanjan-Banchur_headshots_3.jpg' style="float:left; padding:5px;width:125px;">Since he was in grade school, Dipanjan was interested in the stock market. This led to him obtaining a master's degree in Finance and Accounting. Currently, as an investment analyst and financial journalist, Dipanjan has a strong interest in reading and analyzing emerging trends in financial markets.<a href="https://stocknews.com/authors/?author=dipanjan-banchur">More...</a>The post <a href=https://stocknews.com/news/hig-msady-l-3-insurance-stock-buys-for-a-profitable-november/>3 Insurance Stock Buys for a Profitable November</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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Latest News for MS&AD Insurance Group Stock (OTC:MSADY)

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