Sampo (OTCMKTS:SAXPY) Raised to Hold at Zacks Research

Sampo (OTCMKTS:SAXPY) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Other analysts also recently issued research reports about the company. Kepler Capital Markets upgraded Sampo to a “strong-buy” rating in a research report on Thursday, June 25th. Citigroup reissued a “neutral” rating on shares of Sampo in a research note on Friday, April 24th. Finally, Barclays upgraded shares of Sampo from an “equal weight” rating to an “overweight” rating in a report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Sampo Trading Up 0.0%

Shares of SAXPY stock opened at $20.96 on Tuesday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average price of $20.91 and a two-hundred day moving average price of $21.80. Sampo has a 12-month low of $19.93 and a 12-month high of $24.43. The firm has a market cap of $111.33 billion, a P/E ratio of 14.56 and a beta of 0.39.

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