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

Sompo (OTCMKTS:SMPNY) was upgraded by research analysts at Zacks Research to a “hold” rating in a research report issued on Thursday, Zacks reports.

Sompo Stock Up 3.9%

Shares of SMPNY opened at $22.16 on Thursday. The stock’s 50-day moving average price is $21.39 and its 200 day moving average price is $19.73. The firm has a market capitalization of $41.41 billion, a price-to-earnings ratio of 8.72 and a beta of 0.29. Sompo has a 12-month low of $14.41 and a 12-month high of $23.41.

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