Tokio Marine Holdings Inc. (OTCMKTS:TKOMY) Sees Significant Decline in Short Interest

Key Points

• Short interest in Tokio Marine Holdings Inc. (OTCMKTS:TKOMY) dropped by 42.3% in August, falling from 46,100 shares to 26,600 shares.
• The company's shares are currently down 1.2%, opening at $43.78, with a market capitalization of $84.67 billion.
• Several research analysts have downgraded Tokio Marine’s rating, with Wall Street Zen moving it from "strong-buy" to "buy" and Zacks Research downgrading it from "hold" to "strong sell".

Tokio Marine Holdings Inc. (OTCMKTS:TKOMY - Get Free Report) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 26,600 shares, a decrease of 42.3% from the August 15th total of 46,100 shares. Based on an average daily volume of 195,400 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 195,400 shares, the short-interest ratio is currently 0.1 days.

Tokio Marine Trading Down 1.0%

Shares of OTCMKTS TKOMY traded down $0.45 during midday trading on Friday, reaching $42.99. 15,488 shares of the stock were exchanged, compared to its average volume of 105,492. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.05 and a quick ratio of 0.05. The business has a 50-day simple moving average of $42.52 and a two-hundred day simple moving average of $40.46. The company has a market capitalization of $83.15 billion, a price-to-earnings ratio of 11.81, a P/E/G ratio of 0.77 and a beta of 0.27. Tokio Marine has a 12 month low of $30.14 and a 12 month high of $46.23.

Tokio Marine (OTCMKTS:TKOMY - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.71 earnings per share (EPS) for the quarter. The business had revenue of $13.32 billion for the quarter. Tokio Marine had a net margin of 13.45% and a return on equity of 22.49%. As a group, equities research analysts expect that Tokio Marine will post 3.51 EPS for the current year.

Wall Street Analyst Weigh In

TKOMY has been the subject of a number of research analyst reports. Zacks Research lowered Tokio Marine from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 26th. Wall Street Zen cut Tokio Marine from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 6th. Finally, Nomura Securities raised Tokio Marine to a "hold" rating in a report on Tuesday, June 3rd. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce".

About Tokio Marine

Tokio Marine Holdings, Inc, together with its subsidiaries, engages in non-life and life insurance, international insurance, and financial and general businesses worldwide. The company provides business, fire, Internet and mobile, rental housing, and natural catastrophe risk insurance services, as well as insurance for retail and corporate fields.