Nordea repeats its Buy rating on the insurance company Sampo with a price target of EUR 11.20, according to a recent analysis.
The bank believes that the company’s high quality is not reflected in its valuation. According to Nordea, the subsidiary If has the highest quality of earnings in insurance among Nordic-listed insurance companies, while the UK’s Hastings is expected to contribute faster earnings growth than its competitors.
Following the third-quarter report, the forecast for net profit this year is raised by 6 percent, while the forecasts for 2027 and 2028 are left unchanged.
