Tokio Marine (OTCMKTS:TKOMY) Hits New 12-Month High - Time to Buy?

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 stock 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 trading hands. The stock had previously closed at $43.66.

Analyst Ratings Changes

TKOMY has been the subject of a number of research reports. Wall Street Zen raised Tokio Marine from a "hold" rating to a "buy" rating in a research note on Monday. Nomura Securities raised Tokio Marine to a "hold" rating in a research note on Tuesday, June 3rd.

Tokio Marine Price Performance

The stock has a market capitalization of $84.81 billion, a price-to-earnings ratio of 12.05, a PEG ratio of 0.74 and a beta of 0.29. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.06 and a current ratio of 0.06. The company has a 50 day moving average of $41.15 and a 200 day moving average of $38.62.

Tokio Marine (OTCMKTS:TKOMY - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.71 earnings per share (EPS) for the quarter. The business had revenue of $13.32 billion during the quarter. Tokio Marine had a return on equity of 22.48% and a net margin of 13.45%. As a group, equities research analysts anticipate that Tokio Marine Holdings Inc. will post 3.51 EPS for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.