Sompo (OTCMKTS:SMPNY) Reaches New 12-Month High – Here’s Why

Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY)’s share price reached a new 52-week high during mid-day trading on Friday. The stock traded as high as $23.4399 and last traded at $22.8550, with a volume of 880 shares traded. The stock had previously closed at $22.1850.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Sompo to a “hold” rating in a research report on Thursday, September 10th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Sompo Stock Up 0.6%

The stock has a market capitalization of $41.69 billion, a price-to-earnings ratio of 8.79 and a beta of 0.29. The company has a 50 day moving average of $21.57 and a 200 day moving average of $19.84.

Sompo (OTCMKTS:SMPNY) 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. On average, research analysts forecast that Sompo Holdings, Inc. Unsponsored ADR will post 2.24 earnings per share for the current fiscal year.

Sompo Company Profile

Sompo Holdings, Inc is a Japan-based insurance and financial services group headquartered in Tokyo. The company operates primarily through property and casualty insurance, international insurance, and nursing care and healthcare-related businesses.

Its domestic operations include Sompo Japan, which provides personal and commercial insurance products such as automobile, fire, marine, accident, and liability coverage. Through Sompo International, the group also offers specialty insurance and reinsurance solutions to businesses and institutions in markets outside Japan.

Sompo additionally operates businesses focused on nursing care, healthcare, and related services in Japan.