Sompo (OTCMKTS:SMPNY) Shares Gap Down – Here’s Why

Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY)’s share price gapped down prior to trading on Tuesday. The stock had previously closed at $21.80, but opened at $21.0957. Sompo shares last traded at $21.18, with a volume of 4,599 shares traded.

Analysts Set New Price Targets

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

Sompo Stock Down 2.4%

The company has a market capitalization of $39.77 billion, a price-to-earnings ratio of 8.38 and a beta of 0.29. The stock has a fifty day moving average price of $21.72 and a two-hundred day moving average price of $19.96.

Sompo (OTCMKTS:SMPNY) last posted its quarterly earnings data on Friday, August 14th. The company reported $0.64 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%. As a group, research analysts forecast that Sompo Holdings, Inc. Unsponsored ADR will post 2.24 earnings per share for the current fiscal 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.