Tokio Marine (OTCMKTS:TKOMY) Sees Strong Trading Volume – Here’s Why

Tokio Marine Holdings Inc. (OTCMKTS:TKOMY) shares saw unusually-strong trading volume on Monday . Approximately 191,537 shares changed hands during trading, an increase of 10% from the previous session’s volume of 174,108 shares.The stock last traded at $48.47 and had previously closed at $48.11.

Analyst Upgrades and Downgrades

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

Tokio Marine Stock Up 0.6%

The firm’s 50 day simple moving average is $43.73 and its two-hundred day simple moving average is $39.95. The stock has a market capitalization of $93.61 billion, a P/E ratio of 17.54 and a beta of 0.06.

Tokio Marine (OTCMKTS:TKOMY) last issued its earnings results on Friday, February 13th. The company reported $0.75 EPS for the quarter, beating 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 company had revenue of $15.11 billion during the quarter, compared to the consensus estimate of $12.87 billion. As a group, equities research analysts expect that Tokio Marine Holdings Inc. will post 4.13 earnings per share for the current 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.