Tokio Marine (OTCMKTS:TKOMY) Shares Gap Down - Here's Why

Key Points

• Tokio Marine shares gapped down from a previous closing price of $41.87 to open at $40.10, and last traded at $41.59 with a volume of 23,282 shares.
• Analysts have mixed opinions on the stock, with Nomura Securities upgrading it to a "hold" rating, while Zacks Research downgraded it to a "strong sell".
• For the latest quarter, Tokio Marine reported earnings of $0.71 per share and revenue of $13.32 billion, with an anticipated EPS of 3.51 for the current year.

Tokio Marine Holdings Inc. (OTCMKTS:TKOMY - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $41.87, but opened at $40.10. Tokio Marine shares last traded at $41.59, with a volume of 23,282 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms have commented on TKOMY. Nomura Securities upgraded Tokio Marine to a "hold" rating in a report on Tuesday, June 3rd. Zacks Research cut Tokio Marine from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 26th. Finally, Wall Street Zen cut Tokio Marine from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 6th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Tokio Marine presently has an average rating of "Reduce".

Tokio Marine Stock Down 1.5%

The firm has a 50-day moving average of $42.85 and a 200 day moving average of $40.76. The stock has a market capitalization of $79.77 billion, a price-to-earnings ratio of 11.33, a price-to-earnings-growth ratio of 0.74 and a beta of 0.27. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.05.

Tokio Marine (OTCMKTS:TKOMY - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported $0.71 EPS for the quarter. Tokio Marine had a return on equity of 22.49% and a net margin of 13.45%.The firm had revenue of $13.32 billion for the quarter. On average, sell-side analysts anticipate that Tokio Marine Holdings Inc. will post 3.51 earnings per share 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.

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