Tokio Marine (OTCMKTS:TKOMY) Trading 6.9% Higher – Here’s What Happened

Shares of Tokio Marine Holdings Inc. (OTCMKTS:TKOMY) were up 6.9% during mid-day trading on Tuesday . The stock traded as high as $44.75 and last traded at $44.38. Approximately 51,120 shares traded hands during trading, a decline of 75% from the average daily volume of 207,479 shares. The stock had previously closed at $41.50.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Zacks Research upgraded Tokio Marine from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. Wall Street Zen lowered shares of Tokio Marine from a “buy” rating to a “hold” rating in a research note on Thursday, November 27th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Tokio Marine has an average rating of “Hold”.

Tokio Marine Price Performance

The company has a debt-to-equity ratio of 0.04, a current ratio of 0.04 and a quick ratio of 0.05. The company has a fifty day moving average price of $39.39 and a 200 day moving average price of $39.05. The company has a market capitalization of $97.18 billion, a P/E ratio of 18.21, a price-to-earnings-growth ratio of 0.71 and a beta of 0.15.

Tokio Marine (OTCMKTS:TKOMY) last released its quarterly earnings data on Friday, February 13th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.23. The business had revenue of $15.11 billion during the quarter, compared to analyst estimates of $12.87 billion. Tokio Marine had a return on equity of 15.71% and a net margin of 9.29%. On average, sell-side analysts forecast that Tokio Marine Holdings Inc. will post 3.51 EPS for the current fiscal year.

About Tokio Marine

Tokio Marine is a Tokyo‑headquartered insurance group with roots in the late 19th century and is one of Japan’s largest insurers. The company operates through a network of subsidiaries and affiliates to provide a broad suite of insurance and risk‑management services. Tokio Marine’s operations encompass both life and non‑life insurance businesses and are organized to serve individual policyholders, commercial clients and institutional customers.

The group’s core products and services include property & casualty insurance—covering commercial and personal lines such as fire, automobile, marine and casualty—specialty insurance solutions, reinsurance and life and health insurance.