Tokio Marine (OTCMKTS:TKOMY) Shares Gap Down - What's Next?

Key Points

• Tokio Marine's shares gapped down from a previous close of $44.17 to an opening price of $43.00 on Thursday, with last traded price at $44.50.
• Analysts have downgraded Tokio Marine's rating, with Zacks Research indicating a move from a "hold" to a "strong sell" rating, while Wall Street Zen decreased its rating from "strong-buy" to "buy".
• The company reported earnings of $0.71 per share for the quarter with total revenue of $13.32 billion, and it has a market capitalization of $85.54 billion.

Tokio Marine Holdings Inc. (OTCMKTS:TKOMY - Get Free Report)'s share price gapped down before the market opened on Thursday . The stock had previously closed at $44.17, but opened at $43.00. Tokio Marine shares last traded at $44.50, with a volume of 54,104 shares.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Zacks Research cut shares of Tokio Marine from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 26th. Nomura Securities upgraded Tokio Marine to a "hold" rating in a research note on Tuesday, June 3rd. Finally, Wall Street Zen cut Tokio Marine from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 6th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Tokio Marine has an average rating of "Reduce".

Tokio Marine Price Performance

The stock has a fifty day moving average of $42.09 and a 200-day moving average of $40.09. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $85.54 billion, a price-to-earnings ratio of 12.15, a P/E/G ratio of 0.77 and a beta of 0.27.

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. Tokio Marine had a return on equity of 22.49% and a net margin of 13.45%.The business had revenue of $13.32 billion during the quarter. On average, equities research analysts predict that Tokio Marine Holdings Inc. will post 3.51 EPS 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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