Sompo (OTCMKTS:SMPNY) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Sompo (OTCMKTS:SMPNY) to a hold rating in a report published on Thursday,Zacks reports.

Sompo Trading Up 3.9%

OTCMKTS SMPNY opened at $22.16 on Thursday. Sompo has a 1 year low of $14.41 and a 1 year high of $23.41. The company has a market cap of $41.41 billion, a PE ratio of 8.72 and a beta of 0.29. The stock’s 50-day moving average price is $21.39 and its two-hundred day moving average price is $19.73.

Sompo (OTCMKTS:SMPNY) last announced its earnings results on Friday, August 14th. The company reported $0.64 EPS for the quarter. Sompo had a net margin of 12.35% and a return on equity of 13.69%. The company had revenue of $10.15 billion during the quarter. Research analysts forecast that Sompo will post 2.24 EPS for the current fiscal year.

About Sompo

Sompo Holdings, Inc is a Japanese insurance and financial services group whose principal businesses include domestic property and casualty insurance, overseas insurance, life insurance, and nursing care services. Through its operating companies, the group provides coverage for individuals, businesses, and public-sector organizations, including automobile, home, commercial, marine, and specialty insurance products.

The company also operates life insurance and elder-care businesses, and has expanded into digital services, risk management, and related solutions intended to support customers’ health, safety, and resilience.