Tokio Marine (OTCMKTS:TKOMY) Stock Price Down 10% After Analyst Downgrade

Tokio Marine Holdings Inc. (OTCMKTS:TKOMY) fell 10% during trading on Wednesday after Wall Street Zen downgraded the stock from a strong-buy rating to a buy rating. The stock traded as low as $33.60 and last traded at $33.7850. 119,232 shares traded 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 shares of Tokio Marine from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 23rd. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Tokio Marine Stock Performance

The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.05. The company has a market cap of $64.69 billion, a P/E ratio of 9.19, a price-to-earnings-growth ratio of 0.64 and a beta of 0.24. The company’s 50-day moving average is $40.50 and its two-hundred day moving average is $41.24.

Tokio Marine (OTCMKTS:TKOMY) last announced its quarterly earnings results on Wednesday, November 19th. The company reported $0.79 EPS for the quarter. Tokio Marine had a net margin of 13.45% and a return on equity of 22.49%. Equities analysts predict that Tokio Marine Holdings Inc. will post 3.51 EPS for the current year.

Tokio Marine Company Profile

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.