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.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/tokio-marine-holdings-inc-tkomy-upgraded-to-buy-by-zacks-investment-research.html

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.

5 Day Chart for NASDAQ:TKOMY

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.