Tokio Marine (OTCMKTS:TKOMY) Trading 6.9% Higher – Here’s What Happened

Tokio Marine Holdings Inc. (OTCMKTS:TKOMY)’s stock price shot up 6.9% during trading on Tuesday . The company traded as high as $44.75 and last traded at $44.38. 51,120 shares traded hands during trading, a decline of 75% from the average session volume of 207,479 shares. The stock had previously closed at $41.50.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Zacks Research upgraded Tokio Marine from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. Wall Street Zen cut shares of Tokio Marine from a “buy” rating to a “hold” rating in a research report on Thursday, November 27th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Tokio Marine has a consensus rating of “Hold”.

Tokio Marine Stock Performance

The stock’s 50-day simple moving average is $39.01 and its 200-day simple moving average is $38.97. The company has a current ratio of 0.04, a quick ratio of 0.05 and a debt-to-equity ratio of 0.04. The stock has a market cap of $87.01 billion, a price-to-earnings ratio of 16.30, a price-to-earnings-growth ratio of 0.59 and a beta of 0.15.

Tokio Marine (OTCMKTS:TKOMY) last released its earnings results on Friday, February 13th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.23. The firm had revenue of $15.11 billion during the quarter, compared to analysts’ expectations of $12.87 billion. Tokio Marine had a return on equity of 15.71% and a net margin of 9.29%. Analysts forecast that Tokio Marine Holdings Inc. will post 3.51 earnings per share for the current fiscal year.

Tokio Marine Company Profile

Tokio Marine is a Tokyo‑headquartered insurance group with roots in the late 19th century and is one of Japan’s largest insurers. The company operates through a network of subsidiaries and affiliates to provide a broad suite of insurance and risk‑management services. Tokio Marine’s operations encompass both life and non‑life insurance businesses and are organized to serve individual policyholders, commercial clients and institutional customers.

The group’s core products and services include property & casualty insurance—covering commercial and personal lines such as fire, automobile, marine and casualty—specialty insurance solutions, reinsurance and life and health insurance.