Tokio Marine (OTCMKTS:TKOMY) Shares Gap Up – Here’s What Happened

Tokio Marine Holdings Inc. (OTCMKTS:TKOMY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $38.92, but opened at $40.32. Tokio Marine shares last traded at $38.50, with a volume of 11,802 shares changing hands.

Analyst Upgrades and Downgrades

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

Tokio Marine Stock Performance

The company has a current ratio of 0.04, a quick ratio of 0.05 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $73.90 billion, a PE ratio of 13.84, a PEG ratio of 0.65 and a beta of 0.15. The firm’s 50-day simple moving average is $38.91 and its 200-day simple moving average is $39.50.

Tokio Marine (OTCMKTS:TKOMY) last posted its quarterly 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. The firm had revenue of $15.11 billion during the quarter, compared to the consensus estimate of $12.87 billion. Tokio Marine had a net margin of 9.29% and a return on equity of 15.81%. On average, research analysts predict that Tokio Marine Holdings Inc. will post 3.51 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.