Zacks Investment Research upgraded shares of Tokio Marine (OTCMKTS:TKOMY) from a hold rating to a strong-buy rating in a report released on Tuesday, Zacks.com reports. The brokerage currently has $63.00 price target on the stock.
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 stock opened at $54.61 on Tuesday. Tokio Marine has a 1-year low of $45.12 and a 1-year high of $55.38. The firm has a market capitalization of $38.59 billion, a P/E ratio of 14.11, a price-to-earnings-growth ratio of 1.89 and a beta of 0.54. The company’s 50-day moving average is $52.58 and its 200 day moving average is $50.81.
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.
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