Zacks Investment Research downgraded shares of Tokio Marine Holdings Inc (NASDAQ:TKOMY) from a hold rating to a sell rating in a report issued on Thursday.

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 (NASDAQ:TKOMY) traded up 0.02% during midday trading on Thursday, reaching $40.54. The company had a trading volume of 7,410 shares. Tokio Marine Holdings has a one year low of $37.40 and a one year high of $47.16. The company has a market capitalization of $30.39 billion and a P/E ratio of 12.69. The company has a 50-day moving average price of $41.76 and a 200 day moving average price of $42.79.

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Tokio Marine Holdings Company Profile

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.

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