Tokio Marine (OTCMKTS:TKOMY) Shares Pass Above 50 Day Moving Average – Should You Sell?

Tokio Marine Holdings Inc. (OTCMKTS:TKOMY) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $42.94 and traded as high as $46.83. Tokio Marine shares last traded at $46.33, with a volume of 71,499 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Tokio Marine from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Tokio Marine Stock Up 2.3%

The stock has a market cap of $89.60 billion, a PE ratio of 16.79 and a beta of 0.06. The stock’s fifty day moving average price is $42.94 and its 200 day moving average price is $39.61.

Tokio Marine (OTCMKTS:TKOMY) last announced its quarterly earnings data on Friday, February 13th. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.23. The company had revenue of $15.11 billion during the quarter, compared to analyst estimates of $12.87 billion. Tokio Marine had a net margin of 9.29% and a return on equity of 15.71%. On average, equities research analysts expect that Tokio Marine Holdings Inc. will post 4.13 earnings per share for the current fiscal 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.