Tokio Marine (OTCMKTS:TKOMY) Shares Gap Up – Time to Buy?

Shares of Tokio Marine Holdings Inc. (OTCMKTS:TKOMY) gapped up before the market opened on Friday . The stock had previously closed at $46.70, but opened at $48.16. Tokio Marine shares last traded at $47.8450, with a volume of 47,084 shares traded.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Berenberg Bank raised Tokio Marine to a “strong-buy” rating in a research report on Wednesday, May 6th. Zacks Research raised Tokio Marine from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Tokio Marine has an average rating of “Moderate Buy”.

Tokio Marine Price Performance

The firm has a market capitalization of $92.64 billion, a price-to-earnings ratio of 17.36 and a beta of 0.06. The stock’s 50 day moving average price is $43.56 and its two-hundred day moving average price is $39.88.

Tokio Marine (OTCMKTS:TKOMY) last posted its quarterly earnings data 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. Tokio Marine had a return on equity of 15.71% and a net margin of 9.29%.The business had revenue of $15.11 billion during the quarter, compared to analysts’ expectations of $12.87 billion. As a group, equities research analysts anticipate that Tokio Marine Holdings Inc. will post 4.13 EPS 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.