Zacks Research Upgrades Sompo (OTCMKTS:SMPNY) to “Hold”

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

Sompo Price Performance

Sompo stock opened at $22.16 on Thursday. Sompo has a fifty-two week low of $14.41 and a fifty-two week high of $23.41. The firm has a fifty day moving average price of $21.39 and a two-hundred day moving average price of $19.73. The firm has a market cap of $41.41 billion, a price-to-earnings ratio of 8.72 and a beta of 0.29.

Sompo (OTCMKTS:SMPNY) last issued its quarterly earnings results on Friday, August 14th. The company reported $0.64 earnings per share (EPS) for the quarter. The company had revenue of $10.15 billion for the quarter. Sompo had a return on equity of 13.69% and a net margin of 12.35%. As a group, sell-side analysts expect that Sompo will post 2.24 earnings per share for the current year.

Sompo Company Profile

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.