Tokio Marine (OTCMKTS:TKOMY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday, November 22nd.
According to Zacks, “TOKIO MARINE HOLDINGS INC., formerly known as Millea Holdings, Inc., headquartered in Tokyo, is a Japan-based holding company. Through its subsidiaries and associated companies, the Company is engaged in the non-life insurance, life insurance and asset management businesses. The Company is also engaged in the security investment consultation, investment trust management, derivative, temporary staffing and real estate management businesses. This company became Japan’s first publicly owned holding company that completely integrated life and non-life insurance operations. Their objective is to become one of the world’s preeminent insurance groups within the next 10 years. “
Tokio Marine (OTCMKTS:TKOMY) traded down $0.29 during mid-day trading on Wednesday, hitting $44.51. The stock had a trading volume of 6,635 shares, compared to its average volume of 13,775. Tokio Marine has a 1-year low of $38.50 and a 1-year high of $47.16. The firm has a market cap of $33,602.26, a P/E ratio of 13.65 and a beta of 0.68. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.02.
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Tokio Marine Company Profile
Tokio Marine Holdings, Inc is a holding company. The Company operates in four segments: Domestic property and casualty insurance, Domestic life insurance, Overseas insurance, and Finance and others. The Domestic property and casualty insurance segment comprises underwriting property and casualty insurance in Japan and related investments.
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