Sampo (OTCMKTS:SAXPY) Sees Unusually-High Trading Volume – Here’s Why

Sampo PLC (OTCMKTS:SAXPY) saw unusually-high trading volume on Friday . Approximately 344,216 shares were traded during mid-day trading, an increase of 610% from the previous session’s volume of 48,458 shares.The stock last traded at $22.9980 and had previously closed at $23.2650.

Analysts Set New Price Targets

SAXPY has been the topic of several research analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Sampo in a report on Thursday, November 20th. Keefe, Bruyette & Woods lowered Sampo from a “moderate buy” rating to a “hold” rating in a research note 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 stock. Based on data from MarketBeat.com, Sampo has a consensus rating of “Moderate Buy”.

Sampo Trading Down 1.0%

The firm has a market cap of $123.01 billion, a P/E ratio of 16.62 and a beta of 0.45. The stock has a 50 day moving average of $23.37 and a 200 day moving average of $22.73. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.30 and a quick ratio of 0.30.

Sampo (OTCMKTS:SAXPY) last posted its quarterly earnings data 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 during 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.