Shares of Sompo Holdings, Inc. (OTCMKTS:SMPNY) experienced a notable decline prior to trading on November 19, 2023. The stock, which closed at $17.15, opened significantly lower at $16.37. By the end of the trading session, Sompo shares were last recorded at $17.00, with a total volume of 6,179 shares traded.
Stock Performance Metrics
The company’s market capitalization stands at approximately $31.80 billion, with a price-to-earnings (P/E) ratio of 9.01 and a beta of 0.37. Sompo Holdings has a 50-day moving average of $15.77 and a 200-day moving average of $15.52. Financial ratios indicate a quick ratio and current ratio, both at 0.12, alongside a debt-to-equity ratio of 0.15.
On the same day, Sompo released its quarterly earnings data, revealing earnings per share (EPS) of $0.89 for the quarter. The reported revenue amounted to $9.37 billion, showcasing the company’s financial performance. The firm also achieved a return on equity of 14.10% and a net margin of 10.20%. Analysts project that Sompo Holdings will post an EPS of $0.97 for the current year.
Overview of Sompo Holdings
Based in Tokyo, Sompo Holdings, Inc. is a prominent insurance holding company that offers a wide range of risk-transfer and risk-management products and services. Core operations include property and casualty insurance tailored for individuals and businesses, life insurance offerings, and additional services such as claims handling and medical assistance solutions.
The company caters to both retail and commercial clients, providing various insurance products, including motor, homeowners, commercial property, liability, and specialty lines. Beyond its domestic operations in Japan, Sompo has expanded its reach internationally through subsidiaries and acquisitions, operating in regions such as the Americas, Europe, Asia, and Australia.
As Sompo navigates the complexities of the global insurance market, the recent dip in share price may raise questions about investor confidence and market conditions leading up to the financial report.