Sompo (OTCMKTS:SMPNY) Sees Unusually-High Trading Volume – Here’s Why

Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY – Get Free Report) shares saw strong trading volume on Thursday. Approximately 468,327 shares were traded during trading, an increase of 204% from the previous session’s volume of 154,066 shares. The stock last traded at $21.34 and had previously closed at $20.96.

Analyst Ratings Changes

Separately, Zacks Research raised Sompo to a “hold” rating in a report on Thursday, September 10th. One analyst has rated the stock with a Hold rating. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Get Our Latest Stock Analysis on Sompo

Sompo Stock Up 1.7%

The business’s 50 day moving average is $21.50 and its 200-day moving average is $20.18. The firm has a market capitalization of $39.82 billion, a P/E ratio of 8.39 and a beta of 0.29.

Sompo (OTCMKTS:SMPNY – Get Free Report) last released its quarterly earnings data on Friday, August 14th. The company reported $0.64 earnings per share for the quarter. Sompo had a return on equity of 13.62% and a net margin of 12.35%. The business had revenue of $10.15 billion for the quarter. Research analysts forecast that Sompo Holdings, Inc. Unsponsored ADR will post 2.24 EPS for the current fiscal year.

Sompo Company Profile

(Get Free Report)

Sompo Holdings, Inc is a Japan-based insurance group that provides property and casualty insurance, life insurance, and related financial services. Its operations cover personal and commercial insurance needs, including automobile, fire, marine, liability, accident, and specialty insurance products.

The company also operates businesses in nursing care, healthcare, and digital services. Through its insurance subsidiaries and affiliated companies, Sompo provides risk management, underwriting, claims services, and other solutions for individuals, businesses, and public-sector organizations.

Sompo traces its history to Japan’s established property and casualty insurance industry and was formed as NKSJ Holdings in 2010 through the integration of Sompo Japan Insurance and Nipponkoa Insurance.

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