Tokio Marine Holdings Inc (NASDAQ:TKOMY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.

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 39.9875 on Wednesday. The firm has a market capitalization of $29.98 billion and a price-to-earnings ratio of 12.5156. Tokio Marine Holdings has a one year low of $37.40 and a one year high of $47.16. The stock’s 50 day moving average price is $41.74 and its 200-day moving average price is $42.78.

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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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