Tokio Marine (OTCMKTS:TKOMY) Shares Gap Down – What’s Next?

Tokio Marine Holdings Inc. (OTCMKTS:TKOMY)’s stock price gapped down before the market opened 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 changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Tokio Marine from a “strong sell” rating to a “hold” rating in a research 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 company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Tokio Marine Stock Performance

The company has a current ratio of 60.25, a quick ratio of 60.25 and a debt-to-equity ratio of 0.07. The company has a market cap of $107.92 billion, a P/E ratio of 20.98, a PEG ratio of 3.00 and a beta of 0.08. The business’s 50 day simple moving average is $27.50 and its 200 day simple moving average is $40.32.

Tokio Marine (OTCMKTS:TKOMY) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.20. The business had revenue of $12.86 billion during the quarter, compared to analyst estimates of $11.49 billion. Tokio Marine had a net margin of 9.00% and a return on equity of 13.06%. Sell-side analysts predict that Tokio Marine Holdings Inc. will post 0.12 earnings per share for the current fiscal year.

About Tokio Marine

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.