Tokio Marine (OTCMKTS:TKOMY) Trading Down 10% Following Analyst Downgrade

Tokio Marine Holdings Inc. (OTCMKTS:TKOMY) shares fell 10% on Wednesday after Wall Street Zen downgraded the stock from a strong-buy rating to a buy rating. The company traded as low as $33.60 and last traded at $33.7850. 119,232 shares changed hands during mid-day trading, a decline of 1% from the average session volume of 120,887 shares. The stock had previously closed at $37.54.

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

Tokio Marine Stock Performance

The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.05. The stock has a fifty day moving average price of $40.50 and a 200-day moving average price of $41.24. The firm has a market capitalization of $64.69 billion, a price-to-earnings ratio of 9.19, a PEG ratio of 0.64 and a beta of 0.24.

Tokio Marine (OTCMKTS:TKOMY) last posted its quarterly earnings data on Wednesday, November 19th. The company reported $0.79 EPS for the quarter. Tokio Marine had a return on equity of 22.49% and a net margin of 13.45%. As a group, analysts anticipate that Tokio Marine Holdings Inc. will post 3.51 earnings per share for the current fiscal year.

About Tokio Marine

Tokio Marine Holdings, Inc, together with its subsidiaries, engages in non-life and life insurance, international insurance, and financial and general businesses worldwide. The company provides business, fire, Internet and mobile, rental housing, and natural catastrophe risk insurance services, as well as insurance for retail and corporate fields.