Sompo (OTCMKTS:SMPNY) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY) saw an uptick in trading volume on Thursday. 743,693 shares were traded during mid-day trading, an increase of 451% from the previous session’s volume of 135,086 shares. The stock last traded at $20.6010 and had previously closed at $20.6150.

Wall Street Analysts Forecast Growth

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

Sompo Stock Up 1.2%

The firm has a 50 day simple moving average of $21.54 and a 200-day simple moving average of $20.12. The stock has a market cap of $38.92 billion, a P/E ratio of 8.20 and a beta of 0.29.

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