Zacks Investment Research upgraded shares of Tokio Marine Holdings Inc (NASDAQ:TKOMY) from a sell rating to a hold rating in a report published on Tuesday morning.

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) opened at 38.98 on Tuesday. The company has a market capitalization of $29.22 billion and a price-to-earnings ratio of 12.12. Tokio Marine Holdings has a 1-year low of $37.40 and a 1-year high of $47.16. The stock has a 50 day moving average price of $41.07 and a 200 day moving average price of $42.55.

TRADEMARK VIOLATION WARNING: This piece of content was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/09/09/tokio-marine-holdings-inc-tkomy-upgraded-at-zacks-investment-research.html.

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.

Get a free copy of the Zacks research report on Tokio Marine Holdings (TKOMY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Stock Ratings for Tokio Marine Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tokio Marine Holdings Inc and related stocks with our FREE daily email newsletter.