Sampo PLC (OTCMKTS:SAXPY – Get Free Report) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 29,996 shares, an increase of 58.4% from the July 30th total of 18,934 shares. Based on an average daily trading volume, of 42,971 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.0% of the company’s shares are short sold.
Analyst Upgrades and Downgrades
SAXPY has been the subject of several research reports. Kepler Capital Markets raised Sampo to a “strong-buy” rating in a research note on Thursday, June 25th. Barclays raised Sampo from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, May 27th. The Goldman Sachs Group upgraded Sampo from a “sell” rating to a “buy” rating in a research report on Thursday, July 9th. Finally, Zacks Research raised Sampo from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.
Check Out Our Latest Research Report on Sampo
Sampo Price Performance
Sampo (OTCMKTS:SAXPY – Get Free Report) last issued its earnings results on Wednesday, August 12th. The financial services provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.05). The business had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $2.96 billion. As a group, analysts forecast that Sampo will post 1.27 EPS for the current 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.
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