Sampo PLC (OTCMKTS:SAXPY) Sees Large Decline in Short Interest

Sampo PLC (OTCMKTS:SAXPY) saw a significant decline in short interest in June. As of June 30th, there was short interest totaling 13,957 shares, a decline of 50.0% from the June 15th total of 27,896 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 242,376 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

SAXPY has been the subject of a number of research reports. Citigroup reiterated a “neutral” rating on shares of Sampo in a report on Friday, April 24th. Zacks Research raised Sampo from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 30th. Kepler Capital Markets raised shares of Sampo to a “strong-buy” rating in a research note on Thursday, June 25th. Barclays upgraded shares of Sampo from an “equal weight” rating to an “overweight” rating in a report on Wednesday, May 27th. Finally, 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 equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Sampo has a consensus rating of “Moderate Buy”.

Sampo Stock Performance

SAXPY opened at $21.97 on Wednesday. Sampo has a 52-week low of $19.93 and a 52-week high of $24.43. The firm has a market capitalization of $116.69 billion, a PE ratio of 15.26 and a beta of 0.40. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.30 and a current ratio of 0.30. The business’s 50-day simple moving average is $21.03 and its 200 day simple moving average is $21.66.

Sampo (OTCMKTS:SAXPY) last posted its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.07. The company had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.48 billion. As a group, sell-side analysts expect that Sampo will post 1.3 earnings per share for the current fiscal year.

About Sampo

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.