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Sompo Holdings ( (JP:8630) ) just unveiled an update.
Sompo Holdings has announced its acquisition of Aspen Insurance Holdings Limited, a specialty insurance group with operations in the U.S., U.K., and Bermuda. This acquisition aligns with Sompo’s Mid-Term Management Plan to enhance its global insurance and reinsurance operations, aiming for non-linear growth and transformation of its revenue structure. The acquisition is expected to boost Sompo’s earnings per share and help achieve its consolidated ROE targets, further solidifying its position as a leading player in the global insurance market.
The most recent analyst rating on (JP:8630) stock is a Buy with a Yen4698.00 price target. To see the full list of analyst forecasts on Sompo Holdings stock, see the JP:8630 Stock Forecast page.
More about Sompo Holdings
Sompo Holdings, Inc. operates in the insurance industry, focusing on property and casualty (P&C) insurance both domestically and internationally. The company offers a range of insurance products and services, with a significant market presence in the U.S. and Europe through its subsidiary Sompo International Holdings Ltd. (SIH). Sompo has been expanding its portfolio through strategic acquisitions, including Lexon, W. Brown, and Diversified, and aims to enhance its business structure and revenue through these efforts.
Average Trading Volume: 2,945,646
Technical Sentiment Signal: Buy
Current Market Cap: Yen4346.1B
See more insights into 8630 stock on TipRanks’ Stock Analysis page.