Tokio Marine (OTCMKTS:TKOMY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.
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 Tokio Marine stock traded down $0.38 during trading hours on Friday, reaching $48.19. 11,355 shares of the company’s stock were exchanged, compared to its average volume of 30,770. Tokio Marine has a 52-week low of $41.81 and a 52-week high of $50.68. The firm has a market cap of $36.52 billion, a PE ratio of 13.27, a P/E/G ratio of 1.67 and a beta of 0.69. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.02.
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.
Featured Story: Reverse Stock Split
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Tokio Marine Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tokio Marine and related companies with MarketBeat.com's FREE daily email newsletter.