Zacks Investment Research Downgrades Tokio Marine (TKOMY) to Hold

Tokio Marine (OTCMKTS:TKOMY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

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. “

Shares of TKOMY traded down $0.16 on Tuesday, hitting $46.14. 2,780 shares of the stock traded hands, compared to its average volume of 22,260. Tokio Marine has a one year low of $38.50 and a one year high of $49.65. The company has a market capitalization of $34,388.06, a P/E ratio of 13.69, a price-to-earnings-growth ratio of 2.58 and a beta of 0.67.

Tokio Marine (OTCMKTS:TKOMY) last posted its earnings results on Wednesday, February 14th. The company reported $1.02 EPS for the quarter. Tokio Marine had a net margin of 3.71% and a return on equity of 5.67%. The business had revenue of $12.15 billion during the quarter. equities analysts predict that Tokio Marine will post 3.7 earnings per share for the current fiscal year.

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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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