Sampo (OTCMKTS:SAXPY) Announces Quarterly Earnings Results, Hits Estimates

Sampo (OTCMKTS:SAXPY) released its quarterly earnings results on Wednesday. The financial services provider reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32, Zacks reports.

Sampo Stock Up 4.1%

Shares of OTCMKTS SAXPY traded up $0.86 during midday trading on Wednesday, reaching $22.05. 16,618 shares of the company’s stock were exchanged, compared to its average volume of 102,299. Sampo has a 52-week low of $19.35 and a 52-week high of $24.43. The stock has a market capitalization of $117.12 billion, a PE ratio of 14.90 and a beta of 0.35. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.29 and a current ratio of 0.29. The business’s fifty day moving average price is $20.98 and its two-hundred day moving average price is $21.40.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised shares of Sampo from a “sell” rating to a “buy” rating in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Sampo currently has an average rating of “Moderate Buy”.

About Sampo

Sampo Oyj is a Finnish insurance group headquartered in Helsinki. The company focuses on property and casualty insurance, serving private individuals, businesses and institutional customers across the Nordic countries, the Baltic region and the United Kingdom.

Sampo’s principal operations include If P&C Insurance, one of the largest non-life insurers in the Nordic region, and Hastings, a specialist provider of motor and home insurance in the United Kingdom. The group has also expanded its presence in Denmark through Topdanmark, which offers property, casualty and life insurance products to retail and commercial customers.

Sampo traces its roots to Finland and has developed from a broader financial-services group into a focused insurance business.