Nordea repeats its Buy rating on insurance group Sampo and raises the price target to EUR 11.2 from EUR 10.9. The bank considers Sampo a quality company whose strengths are not reflected in its valuation. The subsidiary If has the highest quality of earnings in the insurance business among listed Nordic insurers, while the UK-based Hastings is expected to contribute higher growth than its competitors. Nordea lowers its earnings-per-share forecast for 2026 by 5 percent but raises its forecasts for 2027 and 2028 by 3 and 4 percent, respectively, mainly due to financial factors.
