Tokio Marine (OTCMKTS:TKOMY) Hits New 12-Month High - Here's Why

Key Points

• Tokio Marine Holdings Inc. reached a new 52-week high of $44.00, closing at $43.87 with a trading volume of 16,159 shares.
• The stock was upgraded from a "hold" rating to a "buy" rating by Wall Street Zen, while Nomura Securities maintained a "hold" rating.
• For the last quarter, Tokio Marine reported earnings per share of $0.71 and revenue of $13.32 billion, with analysts projecting an EPS of 3.51 for the current year.

Tokio Marine Holdings Inc. (OTCMKTS:TKOMY - Get Free Report)'s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $44.00 and last traded at $43.87, with a volume of 16159 shares changing hands. The stock had previously closed at $43.66.

Analysts Set New Price Targets

Several equities research analysts have commented on TKOMY shares. Wall Street Zen upgraded shares of Tokio Marine from a "hold" rating to a "buy" rating in a research report on Monday, August 11th. Nomura Securities upgraded shares of Tokio Marine to a "hold" rating in a research note on Tuesday, June 3rd.

Tokio Marine Price Performance

The firm has a market cap of $85.97 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 0.78 and a beta of 0.29. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.04. The company has a 50 day moving average price of $41.22 and a 200 day moving average price of $38.88.

Tokio Marine (OTCMKTS:TKOMY - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $0.71 earnings per share for the quarter. The company had revenue of $13.32 billion for the quarter. Tokio Marine had a return on equity of 22.48% and a net margin of 13.45%. On average, sell-side analysts expect that Tokio Marine Holdings Inc. will post 3.51 EPS for the current year.

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.