Shares of Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY – Get Free Report) shot up 5.5% during mid-day trading on Wednesday. The company traded as high as $22.04 and last traded at $22.04. Approximately 35,132 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 149,784 shares. The stock had previously closed at $20.90.
Analyst Ratings Changes
Separately, Zacks Research upgraded Sompo to a “hold” rating in a report on Thursday, September 10th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.
Check Out Our Latest Stock Analysis on Sompo
Sompo Trading Down 1.4%
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 net margin of 12.35% and a return on equity of 13.62%. The firm had revenue of $10.15 billion during the quarter. As a group, equities research analysts anticipate that Sompo Holdings, Inc. Unsponsored ADR will post 2.24 EPS for the current year.
Sompo Company Profile
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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