Tokio Marine (OTCMKTS:TKOMY) Upgraded at Berenberg Bank

Berenberg Bank upgraded shares of Tokio Marine (OTCMKTS:TKOMY) to a strong-buy rating in a research note released on Wednesday morning,Zacks.com reports.

Separately, Zacks Research upgraded Tokio Marine from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Tokio Marine Stock Performance

Shares of TKOMY opened at $45.05 on Wednesday. Tokio Marine has a 52-week low of $32.13 and a 52-week high of $50.82. The business’s fifty day moving average is $43.03 and its 200-day moving average is $39.65. The firm has a market cap of $87.13 billion, a price-to-earnings ratio of 16.32 and a beta of 0.06.

Tokio Marine (OTCMKTS:TKOMY) last issued its quarterly earnings data on Friday, February 13th. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.23. The business had revenue of $15.11 billion for the quarter, compared to analyst estimates of $12.87 billion. Tokio Marine had a return on equity of 15.71% and a net margin of 9.29%. As a group, research analysts forecast that Tokio Marine will post 4.13 EPS for the current fiscal year.

Tokio Marine Company Profile

Tokio Marine is a Tokyo?headquartered insurance group with roots in the late 19th century and is one of Japan’s largest insurers. The company operates through a network of subsidiaries and affiliates to provide a broad suite of insurance and risk?management services. Tokio Marine’s operations encompass both life and non?life insurance businesses and are organized to serve individual policyholders, commercial clients and institutional customers.

The group’s core products and services include property & casualty insurance—covering commercial and personal lines such as fire, automobile, marine and casualty—specialty insurance solutions, reinsurance and life and health insurance.