Tokio Marine (OTCMKTS:TKOMY) Shares Gap Up - Here's What Happened

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) gapped up prior to trading 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 Upgrades and Downgrades

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

Tokio Marine Trading Up 0.5%

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 $42.25 and its two-hundred day moving average price is $40.37. The company 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 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.

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