Sompo (OTCMKTS:SMPNY) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Sompo (OTCMKTS:SMPNY) from a hold rating to a strong-buy rating in a report released on Wednesday, Zacks.com reports. The firm currently has $20.00 target price on the stock.

According to Zacks, “Sompo Japan Nipponkoa Holdings, Inc. provides property and casualty insurance, life insurance and financial and other services primarily in Japan and internationally. Nonlife Insurance segment provides property and casualty insurance underwriting, asset management and related business. Life Insurance segment provides life insurance underwriting and asset management business. It also engaged in operation of nursing care service business. Sompo Japan Nipponkoa Holdings, Inc. is headquartered in Tokyo, Japan. “

A number of other research firms have also recently commented on SMPNY. Jefferies Financial Group upgraded Sompo from a hold rating to a buy rating in a report on Friday, March 27th. ValuEngine upgraded Sompo from a sell rating to a hold rating in a report on Friday, March 20th.

SMPNY opened at $17.10 on Wednesday. Sompo has a one year low of $11.94 and a one year high of $21.37. The firm has a market capitalization of $12.74 billion, a PE ratio of 11.71 and a beta of 0.52. The firm has a 50 day simple moving average of $15.67.

Sompo Company Profile

Sompo Holdings, Inc provides property and casualty (P&C) insurance, life insurance, and financial and other services in Japan and internationally. The company underwrites various P&C insurance products, including fire and allied, marine, personal accident, voluntary automobile, compulsory automobile liability, and other insurance products; and life insurance products comprising individual and group insurance and annuities.

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