Sompo (OTCMKTS:SMPNY) Stock Price Up 5.5% – Still a Buy?

Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY)’s stock price traded 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 traded hands during trading, a decline of 77% from the average session volume of 149,784 shares. The stock had previously closed at $20.90.

Analysts Set New Price Targets

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

Sompo Stock Performance

The company’s 50-day moving average price is $21.49 and its 200 day moving average price is $20.19. The stock has a market capitalization of $39.74 billion, a PE ratio of 8.25 and a beta of 0.29.

Sompo (OTCMKTS:SMPNY) last announced its earnings results 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 for the quarter. 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.