Tokio Marine (OTCMKTS:TKOMY) Shares Gap Up - Still a Buy?

Key Points

• Tokio Marine Holdings Inc. shares opened at $46.17 after previously closing at $43.99, with the latest trading price at $44.43.
• Equities analysts have mixed views on Tokio Marine, with a consensus rating of "Reduce", following recent downgrades from "strong-buy" to "buy" and from "hold" to "strong sell".
• The company reported a quarterly earnings of $0.71 per share, with a revenue of $13.32 billion and a net margin of 13.45%.

Tokio Marine Holdings Inc. (OTCMKTS:TKOMY - Get Free Report)'s share price gapped up before the market opened on Tuesday . The stock had previously closed at $43.99, but opened at $46.17. Tokio Marine shares last traded at $44.43, with a volume of 973 shares changing hands.

Analyst Ratings Changes

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

Tokio Marine Trading Down 0.8%

The company has a market cap of $83.32 billion, a PE ratio of 11.84, a PEG ratio of 0.77 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. The stock has a 50 day moving average price of $42.60 and a 200 day moving average price of $40.51.

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