Sompo (OTCMKTS:SMPNY) Shares Gap Up - Here's What Happened

Key Points

• Sompo (OTCMKTS:SMPNY) shares gapped up pre-market, opening at $19.76 versus the prior close of $18.62 and last trading at $18.98 on volume of 21,383 shares.
• The company reported quarterly EPS of $0.57 on $8.71 billion in revenue, with a net margin of 10.62% and ROE of 13.26%, and analysts expect roughly 0.97 EPS for the current fiscal year.
• Sompo is a Tokyo-based insurance holding company with a global footprint across property & casualty, life insurance and related services, and has a market cap of $35.56 billion and a P/E of 9.28.

Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY - Get Free Report)'s share price gapped up before the market opened on Tuesday . The stock had previously closed at $18.62, but opened at $19.76. Sompo shares last traded at $18.98, with a volume of 21,383 shares changing hands.

Sompo Stock Performance

The firm has a market cap of $35.56 billion, a PE ratio of 9.28 and a beta of 0.38. The stock has a 50-day simple moving average of $18.29 and a two-hundred day simple moving average of $16.69.

Sompo (OTCMKTS:SMPNY - Get Free Report) last announced its quarterly earnings results on Friday, February 13th. The company reported $0.57 earnings per share (EPS) for the quarter. The firm had revenue of $8.71 billion for the quarter. Sompo had a net margin of 10.62% and a return on equity of 13.26%. As a group, sell-side analysts anticipate that Sompo Holdings, Inc. Unsponsored ADR will post 0.97 EPS for the current fiscal year.

Sompo Company Profile

Sompo Holdings, Inc OTCMKTS: SMPNY is a Tokyo-based insurance holding company that provides a broad range of risk-transfer and risk-management products and services. The group's core operations include property and casualty insurance for individuals and businesses, life insurance products, and related services such as claims handling, medical and nursing-care services, and assistance solutions. Sompo serves both retail and commercial customers with offerings that commonly include motor, homeowners, commercial property, liability, and specialty insurance lines.

In addition to its domestic Japanese business, Sompo has built a significant international footprint through subsidiaries and acquisitions, operating in regions including the Americas, Europe, Asia and Australia.

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