Sampo PLC (OTCMKTS:SAXPY) Short Interest Update

Sampo PLC (OTCMKTS:SAXPY) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 13,957 shares, a decrease of 50.0% from the June 15th total of 27,896 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 242,376 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SAXPY. Citigroup restated a “neutral” rating on shares of Sampo in a report on Friday, April 24th. Barclays raised Sampo from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, May 27th. Kepler Capital Markets upgraded Sampo to a “strong-buy” rating in a research note on Thursday, June 25th. The Goldman Sachs Group raised shares of Sampo from a “sell” rating to a “buy” rating in a report on Thursday, July 9th. Finally, Zacks Research upgraded shares of Sampo from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Sampo Price Performance

Shares of OTCMKTS SAXPY opened at $21.80 on Friday. Sampo has a twelve month low of $19.93 and a twelve month high of $24.43. The stock’s 50 day moving average price is $21.07 and its 200-day moving average price is $21.63. The company has a market capitalization of $115.79 billion, a PE ratio of 15.14 and a beta of 0.40. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31.

Sampo (OTCMKTS:SAXPY) last released its earnings results on Wednesday, May 6th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.07. The business had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.48 billion. On average, equities analysts anticipate that Sampo will post 1.3 EPS for the current year.

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.