Sampo Oyj Series A

Co. is the parent company of a group engaged in the provision of insurance services and the marketing and sale of insurance policies such as worker's compensation insurance, personal accident insurance, motor vehicle insurance, motor third party liability insurance, fire and other property insurance; and cargo insurance.
  • TickerSAMPO
  • ISINFI0009003305
  • ExchangeNasdaq Nordic Helsinki
  • SectorNonlife Insurance
  • CountryFinland
Jan Erik Gjerland ...
  • Jonas Bru Lien
  • Mads Thinggaard
  • Magnus Andersson

Sector Fast Comment - Non-life Norway: Market share trends Q2’20

If P&C and Tryg gained share q-o-q, GJF and INSR lost Premium growth driven by both no. of policies & prices Expect premium growth overhang into 2021e in Norway

Jan Erik Gjerland ...
  • Jonas Bru Lien
  • Mads Thinggaard
  • Magnus Andersson

Sector Fast Comment - Non-life Norway: Market share trends Q2’20

If P&C and Tryg gained share q-o-q, GJF and INSR lost Premium growth driven by both no. of policies & prices Expect premium growth overhang into 2021e in Norway

Aksel Øverland Engebakken ...
  • Anders Idborg
  • Benjamin Silverstone
  • Casper Blom
  • Jan Erik Gjerland
  • Mads Thinggaard

Talking Points - Metso Outotec (Buy): MOCORP kicks off - BUY

Pexip Holding (Buy) Preview: Strong growth to continue Good fundamentals for mining equipment… …underpinned by synergy potential and valuation support

Håkon Astrup

Sampo Oyj (Buy, TP: EUR38.00) - Broadening its non-life exposure

Sampo’s Q2 results were overshadowed by its cash offer to acquire a 70% stake in Hastings, as Sampo seeks to further reposition towards its core area of expertise and broaden its non-life reach outside the Nordics. While the offer price seems a bit rich, we find the deal structure attractive and believe a mid-single-digit EPS accretion to be highly achievable. We reiterate our BUY and EUR38 target price.

Jan Erik Gjerland ...
  • Jonas Bru Lien
  • Mads Thinggaard
  • Magnus Andersson

Sampo - Hastings overshadows the extreme UW

The bid premium must have been seen as too high 21e-22e EPS up 1% each from better UW, ‘20e unchg. TP to EUR 43.7 (42.3) on EPS changes – BUY

Jan Erik Gjerland ...
  • Jonas Bru Lien
  • Mads Thinggaard
  • Magnus Andersson

Sampo - Entering the UK non-life with its UW-expertise

Hastings bid in focus, financed with EUR 1bn new debt PTP of EUR 407m, +6 Stock opens down. Positive revisions could take it back

Håkon Astrup ...
  • Mats Bye
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Tomi Railo

Northern Lights

Håkon Astrup ...
  • Jesper Ingildsen
  • Karl-Johan Bonnevier
  • Mattias Holmberg
  • Nicolay Dyvik
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Rune Majlund Dahl

Northern Lights

Christoffer Wang Bjørnsen ...
  • Eivind Sars Veddeng
  • Håkon Astrup
  • Joachim Gunell
  • Karl-Johan Bonnevier
  • Mattias Holmberg
  • Niclas Gehin
  • Nicolas McBeath
  • Niklas Wetterling
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Patrik Ling
  • Rune Majlund Dahl
  • Simen Mortensen

Northern Lights

Christoffer Wang Bjørnsen ...
  • Eivind Sars Veddeng
  • Håkon Astrup
  • Jesper Ingildsen
  • Martin Huseby Karlsen
  • Niclas Gehin
  • Ole-Andreas Krohn
  • Rune Majlund Dahl

Northern Lights

Christoffer Wang Bjørnsen ...
  • Håkon Astrup
  • Jørgen Lian
  • Karl-Johan Bonnevier
  • Marius Knudssøn
  • Mattias Holmberg
  • Niclas Gehin
  • Nicolai Farstad Olsen
  • Nicolay Dyvik
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Simen Mortensen

Northern Lights

With a more favourable environment, SAMPO PLC. improves to Slightly Positive

SAMPO PLC. (FI), a company active in the Property & Casualty Insurance industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date June 5, 2020, the closing price was EUR 32.89 and its potential was estimated at EUR 35.55.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the we...

Expert Corporate Governance Service (ECGS)

Sampo – AGM 2 june 2020

In general, Sampo is in compliance with the Finnish regulations relating to the organisation and procedures of the Annual General Meeting.   Under ITEM 8 the board of directors seeks approval of the allocation of income and dividend. ECGS notes that the board of directors proposes to reduce the dividend per share from EUR 2.85 to EUR 1.50 (-47%). Although the proposed dividend is covered by EPS, in accordance with Sampo's (revised) dividend policy and the Company has a strong balance sheet for an insurance company with an equity (solvency) ratio of 23%, ECGS notes that, EIOPA, the regulatory...

Expert Corporate Governance Service (ECGS)

Sampo April 09th, 2019

In general, Sampo is in compliance with the Finnish regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 8b, authorisation is sought to distribute a special dividend of up to EUR 500 million, which corresponds to EUR 0.90 per share. Although the authority requested does not jeopardize the Company's financial position, ECGS does not approve of the motivation provided (i.e. to counter the impacts of expected changes in the Company's capital requirements). Accordingly, ECGS recommends to vote OPPOSE. Under ITEM 12, the (re-)election of the board of d...

Sampo – Proxinvest Corporate Governance Rating ® : D

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

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