Tokio Marine (OTCMKTS:TKOMY) Shares Gap Up – Time to Buy?

Tokio Marine Holdings Inc. (OTCMKTS:TKOMY)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $46.70, but opened at $48.16. Tokio Marine shares last traded at $47.8450, with a volume of 47,084 shares traded.

Analysts Set New Price Targets

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

Tokio Marine Stock Up 2.5%

The business’s 50 day moving average price is $43.56 and its 200-day moving average price is $39.88. The company has a market cap of $92.64 billion, a PE ratio of 17.36 and a beta of 0.06.

Tokio Marine (OTCMKTS:TKOMY) last released its earnings results on Friday, February 13th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.23. Tokio Marine had a net margin of 9.29% and a return on equity of 15.71%. The firm had revenue of $15.11 billion during the quarter, compared to analyst estimates of $12.87 billion. Equities analysts expect that Tokio Marine Holdings Inc. 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.