Zacks Investment Research downgraded shares of Tokio Marine Holdings Inc (NASDAQ:TKOMY) from a buy rating to a hold rating in a research note released on Thursday morning.

According to Zacks, “TOKIO MARINE HOLDINGS INC., formerly known as Millea Holdings, Inc., headquartered in Tokyo, is a Japan-based holding company. Through its subsidiaries and associated companies, the Company is engaged in the non-life insurance, life insurance and asset management businesses. The Company is also engaged in the security investment consultation, investment trust management, derivative, temporary staffing and real estate management businesses. This company became Japan’s first publicly owned holding company that completely integrated life and non-life insurance operations. Their objective is to become one of the world’s preeminent insurance groups within the next 10 years. “

Shares of Tokio Marine Holdings (NASDAQ:TKOMY) opened at 38.92 on Thursday. The firm has a market capitalization of $29.38 billion and a price-to-earnings ratio of 11.63. Tokio Marine Holdings has a 12-month low of $29.76 and a 12-month high of $40.86. The company’s 50-day moving average is $39.04 and its 200-day moving average is $35.73.

About Tokio Marine Holdings

Tokio Marine Holdings, Inc is a holding company. The Company operates in four segments: Domestic property and casualty insurance, Domestic life insurance, Overseas insurance, and Finance and others. The Domestic property and casualty insurance segment comprises underwriting property and casualty insurance in Japan and related investments.

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