Tokio Marine Holdings Inc (TKOMY) Upgraded at Zacks Investment Research
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.
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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