Sampo (OTCMKTS:SAXPY) Hits New 1-Year High - Here's Why

Key Points

• Sampo PLC's stock reached a new 52-week high at $23.37 during mid-day trading, showing notable investor interest with a volume of 8,170 shares traded.
• Berenberg Bank has upgraded Sampo to a "strong-buy" rating, contributing to an overall average rating of "Strong Buy" by analysts.
• The company reported $0.32 EPS for the quarter, exceeding estimates of $0.22, along with revenues of $2.77 billion against an expectation of $2.19 billion.

Sampo PLC (OTCMKTS:SAXPY - Get Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as $23.37 and last traded at $23.22, with a volume of 8170 shares changing hands. The stock had previously closed at $23.16.

Analyst Ratings Changes

Separately, Berenberg Bank upgraded Sampo to a "strong-buy" rating in a report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Sampo currently has a consensus rating of "Strong Buy".

Sampo Stock Performance

The company has a market capitalization of $123.37 billion, a price-to-earnings ratio of 22.78 and a beta of 0.57. The company has a 50 day moving average price of $22.13 and a 200 day moving average price of $20.75. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.32 and a current ratio of 0.32.

Sampo (OTCMKTS:SAXPY - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.10. The firm had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.19 billion.

About Sampo

Sampo Oyj, together with its subsidiaries, engages in the provision of non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, and the United Kingdom. The company operates through If, Topdanmark, Hastings, Mandatum, and Holding segments. It offers property, casualty, liability, accident, sickness, household, homeowner, motor, travel, marine, aviation, transport, forest, livestock, health, workers compensation, car, van, and bike insurance services, as well as reinsurance services.