- Sompo HD announced its financial year net income forecast, which fell short of initial estimates.
- The company projects a net income of 230.00 billion yen, however, the estimate was significantly higher at 327.82 billion yen.
- Next on the agenda is their dividend, which surprisingly surpassed initial estimates. Sompo sees a predicted dividend of 112.00 yen, over the estimated 111.04 yen.
- For the fourth quarter results, Sompo HD reported a net income of 93.01 billion yen, a noteworthy mention.
- In terms of recommendations, Sompo HD received 6 buys, 5 holds and 1 sell, a mix of opinions overall.
Sompo Holdings on Smartkarma
Analyst coverage of Sompo Holdings on Smartkarma by Sumeet Singh highlights a significant focus on the cross-shareholding situation within the company. Singh’s analysis titled “Sompo Holdings Cross-Shareholding – At Least US$8bn of Cross-Shareholding to Sell” delves into the Japanese Financial Services Agency’s request for insurers to reduce or eliminate cross-shareholdings. Revealing Sompo’s substantial stake of over US$100m in at least 16 companies, totaling around US$6bn, the report suggests potential candidates for further selldowns.
A look at Sompo Holdings Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Sompo Holdings shows a positive long-term outlook. With high scores in Growth and Momentum, the company is set for potential future expansion and strong market performance. Additionally, solid scores in Dividend and Resilience indicate a stable financial standing and ability to weather uncertainties. Although the Value score is moderate, the overall outlook remains optimistic for Sompo Holdings.
Sompo Holdings, Inc, a result of the integration of Sompo Japan Insurance Inc. and NIPPONKOA Insurance Company Limited, offers a range of non-life insurance products including marine, fire, and automobile insurance, along with life insurance. With a diversified portfolio and strong performance in key areas, Sompo Holdings is positioned for growth and resilience in the insurance industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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