Sompo (OTCMKTS:SMPNY) Hits New 1-Year High – Still a Buy?

Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY) reached a new 52-week high during trading on Friday. The stock traded as high as $23.4399 and last traded at $22.8550, with a volume of 880 shares traded. The stock had previously closed at $22.1850.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Sompo to a “hold” rating in a report on Thursday, September 10th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Sompo Price Performance

The business’s fifty day simple moving average is $21.57 and its two-hundred day simple moving average is $19.84. The company has a market cap of $41.69 billion, a PE ratio of 8.79 and a beta of 0.29.

Sompo (OTCMKTS:SMPNY) last posted its quarterly earnings data on Friday, August 14th. The company reported $0.64 EPS for the quarter. Sompo had a return on equity of 13.62% and a net margin of 12.35%. The company had revenue of $10.15 billion during the quarter. As a group, analysts predict that Sompo Holdings, Inc. Unsponsored ADR will post 2.24 EPS for the current year.

Sompo Company Profile

Sompo Holdings, Inc is a Japan-based insurance and financial services group headquartered in Tokyo. The company operates primarily through property and casualty insurance, international insurance, and nursing care and healthcare-related businesses.

Its domestic operations include Sompo Japan, which provides personal and commercial insurance products such as automobile, fire, marine, accident, and liability coverage. Through Sompo International, the group also offers specialty insurance and reinsurance solutions to businesses and institutions in markets outside Japan.

Sompo additionally operates businesses focused on nursing care, healthcare, and related services in Japan.