Sampo (OTCMKTS:SAXPY) Sets New 52-Week High – Still a Buy?

Shares of Sampo PLC (OTCMKTS:SAXPY) reached a new 52-week high during trading on Monday . The company traded as high as $24.0550 and last traded at $24.0480, with a volume of 1099 shares. The stock had previously closed at $23.83.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SAXPY. Keefe, Bruyette & Woods downgraded shares of Sampo from a “moderate buy” rating to a “hold” rating in a research report on Monday, November 10th. Citigroup reiterated a “neutral” rating on shares of Sampo in a research report on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Sampo Trading Down 0.1%

The business’s fifty day moving average price is $23.04 and its 200 day moving average price is $22.51. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $129.10 billion, a PE ratio of 17.44 and a beta of 0.45.

Sampo (OTCMKTS:SAXPY) last announced its earnings results on Wednesday, November 5th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.10. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.27 billion.

About Sampo

Sampo plc is a Finland-based insurance and financial services group that primarily underwrites property and casualty (P&C) insurance while also offering life insurance and related financial products. The company operates through subsidiaries that provide a mix of retail and corporate insurance solutions, claims handling and risk management services. Its business model emphasizes underwriting discipline and diversified exposure across personal, commercial and specialty insurance lines.

Sampo’s operations include well-known subsidiaries that deliver core products and services: a Nordic P&C insurer that writes motor, property, liability and specialty lines, and a life insurance and wealth management arm that offers savings, pension solutions and asset management services.