Tokio Marine (OTCMKTS:TKOMY) Raised to Strong-Buy at Berenberg Bank

Tokio Marine (OTCMKTS:TKOMY) was upgraded by Berenberg Bank to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Separately, Zacks Research upgraded Tokio Marine from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Tokio Marine Stock Up 2.3%

Shares of Tokio Marine stock opened at $46.33 on Wednesday. The firm has a market capitalization of $89.60 billion, a P/E ratio of 16.79 and a beta of 0.06. The company has a 50 day moving average price of $42.94 and a 200 day moving average price of $39.61. Tokio Marine has a 52 week low of $32.13 and a 52 week high of $50.82.

Tokio Marine (OTCMKTS:TKOMY) last announced its quarterly earnings data on Friday, February 13th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.52 by $0.23. The firm had revenue of $15.11 billion during the quarter, compared to analyst estimates of $12.87 billion. Tokio Marine had a net margin of 9.29% and a return on equity of 15.71%. As a group, research analysts anticipate that Tokio Marine will post 4.13 earnings per share for the current fiscal year.

About Tokio Marine

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.