Tokio Marine (OTCMKTS:TKOMY) Shares Gap Down - Time to Sell?

Key Points

• Tokio Marine's shares gapped down from a previous close of $44.37 to open at $41.97, with the latest trading price at $43.78.
• Several analysts have adjusted their ratings on Tokio Marine, with Wall Street Zen downgrading it from "strong-buy" to "buy," while Zacks Research moved it from "hold" to "strong sell."
• The company reported a quarterly EPS of $0.71 and anticipates an average EPS of 3.51 for the current year, with a market cap of approximately $84.66 billion.

Tokio Marine Holdings Inc. (OTCMKTS:TKOMY - Get Free Report)'s share price gapped down before the market opened on Wednesday . The stock had previously closed at $44.37, but opened at $41.97. Tokio Marine shares last traded at $43.78, with a volume of 2,513 shares.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Nomura Securities raised Tokio Marine to a "hold" rating in a research note on Tuesday, June 3rd. Wall Street Zen downgraded Tokio Marine from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 6th. Finally, Zacks Research downgraded Tokio Marine from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 26th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Reduce".

Tokio Marine Trading Down 0.8%

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's 50-day moving average price is $42.60 and its two-hundred day moving average price is $40.54. The company has a market capitalization of $83.32 billion, a price-to-earnings ratio of 11.84, a P/E/G ratio of 0.76 and a beta of 0.27.

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