Sompo (OTCMKTS:SMPNY) Shares Gap Up – Still a Buy?

Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY)’s share price gapped up before the market opened on Wednesday. The stock had previously closed at $20.93, but opened at $21.93. Sompo shares last traded at $20.41, with a volume of 5,294 shares traded.

Analysts Set New Price Targets

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 data from MarketBeat, the company has a consensus rating of “Hold”.

Sompo Trading Down 1.4%

The firm’s fifty day moving average price is $21.65 and its 200-day moving average price is $20.08. The firm has a market cap of $38.55 billion, a price-to-earnings ratio of 8.12 and a beta of 0.29.

Sompo (OTCMKTS:SMPNY) last announced its quarterly earnings results on Friday, August 14th. The company reported $0.64 EPS for the quarter. The firm had revenue of $10.15 billion for the quarter. Sompo had a net margin of 12.35% and a return on equity of 13.62%. On average, sell-side analysts expect 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.