Short Interest in Tokio Marine Holdings Inc. (OTCMKTS:TKOMY) Decreases By 49.5%

Tokio Marine Holdings Inc. (OTCMKTS:TKOMY) was the target of a significant drop in short interest in April. As of April 30th, there was short interest totaling 92,388 shares, a drop of 49.5% from the April 15th total of 182,964 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 216,091 shares, the days-to-cover ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Zacks Research upgraded shares of Tokio Marine from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. Berenberg Bank upgraded shares of Tokio Marine to a “strong-buy” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Tokio Marine Stock Up 2.9%

Shares of OTCMKTS:TKOMY opened at $48.11 on Friday. The business has a 50 day moving average of $43.73 and a 200-day moving average of $39.94. Tokio Marine has a 12-month low of $32.13 and a 12-month high of $50.82. The stock has a market cap of $93.04 billion, a PE ratio of 17.43 and a beta of 0.06.

Tokio Marine (OTCMKTS:TKOMY) last posted its quarterly earnings data on Friday, February 13th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.23. Tokio Marine had a return on equity of 15.71% and a net margin of 9.29%.The firm had revenue of $15.11 billion for the quarter, compared to analysts’ expectations of $12.87 billion. Equities research analysts expect that Tokio Marine will post 4.13 earnings per share for the current year.

Tokio Marine Company Profile

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.