Sampo (OTCMKTS:SAXPY) Shares Pass Above 50-Day Moving Average – Here’s Why

Shares of Sampo PLC (OTCMKTS:SAXPY) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $21.17 and traded as high as $22.18. Sampo shares last traded at $21.99, with a volume of 21,323 shares traded.

Analysts Set New Price Targets

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

Sampo Stock Up 0.6%

The company has a market cap of $116.11 billion, a PE ratio of 15.18 and a beta of 0.40. The company has a fifty day moving average of $21.21 and a two-hundred day moving average of $21.55. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.30 and a current ratio of 0.30.

Sampo (OTCMKTS:SAXPY) last posted its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.30 EPS for the quarter, topping the consensus estimate of $0.23 by $0.07. The firm had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.48 billion. As a group, analysts anticipate that Sampo PLC will post 1.3 earnings per share for the current fiscal year.

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.