Zacks Investment Research cut shares of Tokio Marine Holdings Inc. (OTCMKTS:TKOMY) from a hold rating to a sell rating in a research report released on Wednesday.
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 Holdings (TKOMY) opened at $43.14 on Wednesday. The company has a market capitalization of $32,030.66, a price-to-earnings ratio of 13.01 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. Tokio Marine Holdings has a fifty-two week low of $38.50 and a fifty-two week high of $47.16.
About Tokio Marine Holdings
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
What are top analysts saying about Tokio Marine Holdings Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Tokio Marine Holdings Inc. and related companies.