Tokio Marine Holdings Inc (TKOMY) Upgraded to “Buy” by Zacks Investment Research
Tokio Marine Holdings Inc (NASDAQ:TKOMY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday. The firm currently has a $43.00 price target on the stock. Zacks Investment Research’s target price indicates a potential upside of 12.21% from the company’s previous close.
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. “
Tokio Marine Holdings (NASDAQ:TKOMY) opened at 38.32 on Wednesday. The company has a 50-day moving average price of $38.63 and a 200 day moving average price of $35.29. Tokio Marine Holdings has a 12-month low of $29.76 and a 12-month high of $40.86. The stock has a market cap of $28.93 billion and a price-to-earnings ratio of 11.31.
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About Tokio Marine Holdings
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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