Tokio Marine (OTCMKTS:TKOMY) Shares Gap Down – Here’s What Happened

Tokio Marine Holdings Inc. (OTCMKTS:TKOMY – Get Free Report)’s stock price gapped down prior to trading on Wednesday. The stock had previously closed at $3.69, but opened at $3.57. Tokio Marine shares last traded at $3.7240, with a volume of 271,012 shares.

Analyst Ratings Changes

Separately, Zacks Research raised Tokio Marine from a “strong sell” rating to a “hold” rating in a report on Thursday, October 29th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Check Out Our Latest Stock Analysis on TKOMY

Tokio Marine Trading Up 0.5%

The stock’s 50-day simple moving average is $25.70 and its two-hundred day simple moving average is $39.99. The company has a debt-to-equity ratio of 0.07, a current ratio of 60.25 and a quick ratio of 60.25. The firm has a market capitalization of $108.50 billion, a P/E ratio of 20.59, a price-to-earnings-growth ratio of 3.05 and a beta of 0.08.

Tokio Marine (OTCMKTS:TKOMY – Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.67 by $0.20. Tokio Marine had a net margin of 9.00% and a return on equity of 13.06%. The firm had revenue of $12.86 billion for the quarter, compared to the consensus estimate of $11.49 billion. Equities research analysts expect that Tokio Marine Holdings Inc. will post 0.12 EPS for the current year.

About Tokio Marine

(Get Free Report)

Tokio Marine Holdings, Inc. is a Japanese insurance group headquartered in Tokyo. Its history dates to 1879, when Tokio Marine Insurance was established as Japan’s first insurance company. The company provides property and casualty insurance, life insurance, reinsurance, and related risk-management services. Its offerings serve individuals and businesses and include coverage for areas such as auto, property, marine, and commercial risks. Tokio Marine operates in Japan and internationally, with business across the Americas, Europe, and other parts of Asia.

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