Sompo (OTCMKTS:SMPNY) Sees Strong Trading Volume – Here’s Why

Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY) shares saw an uptick in trading volume on Thursday. 743,693 shares were traded during mid-day 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.

Wall Street Analysts Forecast Growth

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

Sompo Price Performance

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

Sompo (OTCMKTS:SMPNY) last announced its quarterly earnings data on Friday, August 14th. The company reported $0.64 earnings per share for the quarter. The business had revenue of $10.15 billion during the quarter. Sompo had a net margin of 12.35% and a return on equity of 13.62%. On average, sell-side analysts predict that Sompo Holdings, Inc. Unsponsored ADR will post 2.24 EPS for the current year.

About Sompo

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.