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

Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY) shares 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.

Wall Street Analysts Forecast Growth

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.com, Sompo presently has a consensus rating of “Hold”.

Sompo Stock Performance

The company’s 50-day simple moving average is $21.65 and its 200 day simple moving average is $20.08. The company has a market cap of $38.55 billion, a PE ratio of 8.12 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 (EPS) for the quarter. The business had revenue of $10.15 billion for the quarter. Sompo had a return on equity of 13.62% and a net margin of 12.35%. Analysts forecast 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.