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

Shares of Sampo PLC (OTCMKTS:SAXPY) reached a new 52-week high on Tuesday . The company traded as high as $24.29 and last traded at $24.29, with a volume of 457 shares. The stock had previously closed at $24.17.

Analyst Upgrades and Downgrades

SAXPY has been the subject of several analyst reports. Citigroup reiterated a “neutral” rating on shares of Sampo in a research report on Thursday, November 20th. Keefe, Bruyette & Woods lowered Sampo from a “moderate buy” rating to a “hold” rating in a report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Sampo presently has an average rating of “Moderate Buy”.

Sampo Stock Performance

The firm’s 50-day moving average price is $23.18 and its two-hundred day moving average price is $22.59. 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 $129.59 billion, a PE ratio of 17.50 and a beta of 0.45.

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

Sampo Company Profile

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.