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

Sampo PLC (OTCMKTS:SAXPY) saw an uptick in trading volume on Tuesday . 834,952 shares changed 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.

Wall Street Analyst Weigh In

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

Sampo Price Performance

The stock has a market cap of $119.60 billion, a PE ratio of 16.15 and a beta of 0.45. The firm’s 50-day moving average price is $23.40 and its two-hundred day moving average price is $22.88. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.35.

Sampo (OTCMKTS:SAXPY) last posted its earnings results on Wednesday, November 5th. The financial services provider reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.10. The company 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.