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Sompo Holdings ( (JP:8630) ) just unveiled an update.
Sompo Holdings has announced a resolution to conduct share buybacks and cancel a portion of its treasury stock. This move is part of their strategy to ensure financial soundness and improve capital efficiency while adhering to their shareholder return policy. The buyback will involve up to 33 million shares, valued at ¥105 billion, and the cancellation will affect over 56 million shares, aiming to adjust capital levels in response to market conditions and business performance.
The most recent analyst rating on (JP:8630) stock is a Buy with a Yen5270.00 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, providing a range of insurance products and services. The company is primarily focused on enhancing shareholder value through strategic financial management and capital efficiency.
Average Trading Volume: 3,062,205
Technical Sentiment Signal: Buy
Current Market Cap: Yen4550.6B
Learn more about 8630 stock on TipRanks’ Stock Analysis page.