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

Sampo PLC (OTCMKTS:SAXPY) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 13,957 shares, a decrease of 50.0% from the June 15th total of 27,896 shares. Based on an average trading volume of 242,376 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

SAXPY has been the subject of a number of research analyst reports. Citigroup reiterated a “neutral” rating on shares of Sampo in a report on Friday, April 24th. Barclays upgraded shares of Sampo from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, May 27th. Zacks Research raised shares of Sampo from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 30th. The Goldman Sachs Group raised Sampo from a “sell” rating to a “buy” rating in a report on Thursday, July 9th. Finally, Kepler Capital Markets raised shares of Sampo to a “strong-buy” rating in a research note on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Sampo Trading Down 0.8%

Shares of Sampo stock opened at $21.80 on Thursday. The firm’s 50 day moving average is $21.05 and its 200 day moving average is $21.65. The firm has a market capitalization of $115.79 billion, a PE ratio of 15.14 and a beta of 0.40. Sampo has a 1 year low of $19.93 and a 1 year high of $24.43. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.31.

Sampo (OTCMKTS:SAXPY) last issued its 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 analyst estimates of $4.48 billion. Equities research analysts forecast 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.