Sompo (OTCMKTS:SMPNY) Sees Large Volume Increase – Should You Buy?

Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY) shares saw an uptick in trading volume on Thursday. 743,693 shares traded hands during trading, an increase of 451% from the previous session’s volume of 135,086 shares. The stock last traded at $20.6010 and had previously closed at $20.6150.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Sompo to a “hold” rating in a research note on Thursday, September 10th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Sompo Stock Performance

The firm has a market capitalization of $38.51 billion, a price-to-earnings ratio of 8.11 and a beta of 0.29. The stock’s fifty day moving average is $21.61 and its two-hundred day moving average is $20.09.

Sompo (OTCMKTS:SMPNY) last posted 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 company had revenue of $10.15 billion during the quarter. Sell-side analysts anticipate that Sompo Holdings, Inc. Unsponsored ADR will post 2.24 earnings per share 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.