Tokio Marine (OTCMKTS:TKOMY) Cut to Strong Sell at Zacks Research

Key Points

• Tokio Marine has been downgraded from a "hold" to a "strong sell" rating by Zacks Research, indicating increased bearish sentiment towards the stock.
• Despite the downgrade, other analysts like Nomura Securities have rated the stock as a "hold," while Wall Street Zen upgraded it to a "strong-buy."
• The company reported a quarterly earnings per share (EPS) of $0.71 with a revenue of $13.32 billion, reflecting a solid financial performance despite the change in rating.

Tokio Marine (OTCMKTS:TKOMY - Get Free Report) was downgraded by Zacks Research from a "hold" rating to a "strong sell" rating in a research report issued on Tuesday,Zacks.com reports.

Several other equities analysts have also issued reports on the company. Nomura Securities upgraded Tokio Marine to a "hold" rating in a research note on Tuesday, June 3rd. Wall Street Zen upgraded Tokio Marine from a "buy" rating to a "strong-buy" rating in a research note on Sunday. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Reduce".

Tokio Marine Price Performance

Shares of OTCMKTS TKOMY opened at $43.29 on Tuesday. Tokio Marine has a fifty-two week low of $30.14 and a fifty-two week high of $46.23. The business has a fifty day moving average price of $41.60 and a two-hundred day moving average price of $39.40. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.05 and a quick ratio of 0.06. The stock has a market capitalization of $83.72 billion, a PE ratio of 11.89, a P/E/G ratio of 0.77 and a beta of 0.29.

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

Tokio Marine Company Profile

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.

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