Tokio Marine (OTCMKTS:TKOMY) Shares Gap Down – What’s Next?

Tokio Marine Holdings Inc. (OTCMKTS:TKOMY)’s stock price gapped down prior to trading on Wednesday. The stock had previously closed at $3.69, but opened at $3.57. Tokio Marine shares last traded at $3.7240, with a volume of 271,012 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Tokio Marine from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 29th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Tokio Marine Trading Up 0.8%

The stock has a 50 day simple moving average of $27.50 and a 200-day simple moving average of $40.32. The firm has a market capitalization of $107.92 billion, a P/E ratio of 20.98, a P/E/G ratio of 3.00 and a beta of 0.08. The company has a current ratio of 60.25, a quick ratio of 60.25 and a debt-to-equity ratio of 0.07.

Tokio Marine (OTCMKTS:TKOMY) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.20. The firm had revenue of $12.86 billion for the quarter, compared to analysts’ expectations of $11.49 billion. Tokio Marine had a net margin of 9.00% and a return on equity of 13.06%. On average, equities research analysts forecast that Tokio Marine Holdings Inc. will post 0.12 EPS for the current fiscal year.

About Tokio Marine

Tokio Marine Holdings, Inc. is a Japanese insurance group headquartered in Tokyo. Its history dates to 1879, when Tokio Marine Insurance was established as Japan’s first insurance company. The company provides property and casualty insurance, life insurance, reinsurance, and related risk-management services. Its offerings serve individuals and businesses and include coverage for areas such as auto, property, marine, and commercial risks. Tokio Marine operates in Japan and internationally, with business across the Americas, Europe, and other parts of Asia.