Sampo (OTCMKTS:SAXPY) Sees Strong Trading Volume – Should You Buy?

Shares of Sampo PLC (OTCMKTS:SAXPY) saw an uptick in trading volume on Tuesday . 834,952 shares traded hands during trading, an increase of 741% from the previous session’s volume of 99,307 shares.The stock last traded at $22.37 and had previously closed at $22.25.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SAXPY. Barclays raised shares of Sampo to a “hold” rating in a report on Tuesday, January 13th. Citigroup restated a “neutral” rating on shares of Sampo in a research note on Thursday, November 20th. Finally, Keefe, Bruyette & Woods cut Sampo from a “moderate buy” rating to a “hold” rating in a report on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Sampo presently has a consensus rating of “Moderate Buy”.

Sampo Stock Performance

The firm has a market capitalization of $119.60 billion, a PE ratio of 16.15 and a beta of 0.45. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.30 and a quick ratio of 0.30. The business has a 50-day simple moving average of $23.40 and a 200-day simple moving average of $22.88.

Sampo (OTCMKTS:SAXPY) last released its earnings results on Wednesday, November 5th. The financial services provider reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.10. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate 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.