Sampo (OTCMKTS:SAXPY) Sets New 52-Week High Following Strong Earnings

Key Points

• Sampo PLC shares reached a new 52-week high of $22.83 following an earnings announcement that exceeded expectations, with $0.32 earnings per share compared to the consensus estimate of $0.22.
• Berenberg Bank upgraded Sampo to a "strong-buy" rating, indicating increased confidence in the company's stock performance.
• Sampo operates in the non-life insurance sector across multiple countries, including Finland and the United Kingdom, providing a wide range of insurance services.

Sampo PLC (OTCMKTS:SAXPY - Get Free Report) shares reached a new 52-week high on Wednesday following a better than expected earnings announcement. The stock traded as high as $22.83 and last traded at $22.81, with a volume of 1105 shares trading hands. The stock had previously closed at $22.06.

The financial services provider reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.10.

Analysts Set New Price Targets

Separately, Berenberg Bank upgraded shares of Sampo to a "strong-buy" rating in a research report on Wednesday, July 2nd.

Sampo Stock Performance

The firm's 50 day moving average price is $21.49 and its two-hundred day moving average price is $20.47. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.32 and a current ratio of 0.32. The firm has a market cap of $122.94 billion, a PE ratio of 25.10 and a beta of 0.57.

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.

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