Tokio Marine (OTCMKTS:TKOMY) Posts Earnings Results, Beats Estimates By $0.23 EPS

Tokio Marine (OTCMKTS:TKOMY) released its earnings results on Friday. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.23, Zacks reports. The firm had revenue of $15.11 billion during the quarter, compared to analysts’ expectations of $12.87 billion. Tokio Marine had a return on equity of 15.81% and a net margin of 9.67%.

Tokio Marine Price Performance

Shares of TKOMY stock traded up $1.77 on Friday, reaching $42.25. The company’s stock had a trading volume of 114,294 shares, compared to its average volume of 317,263. The stock’s fifty day simple moving average is $37.78 and its 200-day simple moving average is $39.62. Tokio Marine has a 1 year low of $30.14 and a 1 year high of $46.23. The company has a market capitalization of $81.71 billion, a price-to-earnings ratio of 15.48, a price-to-earnings-growth ratio of 0.71 and a beta of 0.17. The company has a current ratio of 0.04, a quick ratio of 0.05 and a debt-to-equity ratio of 0.04.

Analysts Set New Price Targets

TKOMY has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Tokio Marine from a “buy” rating to a “hold” rating in a report on Thursday, November 27th. Zacks Research upgraded shares of Tokio Marine from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, Tokio Marine presently has an average rating of “Hold”.

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.