Storebrand ASA

Storebrand ASA is the parent company in a financial group. Co. is a provider of pension savings. Co. provides range of products within life insurance, property and casualty insurance, asset management and banking, to companies, public sector entities and private individuals. Co.'s corporate organization includes the business areas of Savings, which comprises of non-guaranteed Defined Contribution in Norway and Sweden, Asset Management and Bank products to the retail market; Insurance, which includes Co.'s risk products; Guaranteed Pensions, which includes long-term pension savings products that give customers a guaranteed rate of return; and Other.
  • TickerSTB
  • ISINNO0003053605
  • ExchangeOslo Bors
  • SectorNonlife Insurance
  • CountryNorway
Jan Erik Gjerland ...
  • Jonas Bru Lien
  • Mads Thinggaard

Sector Fast Comment - Non-life Norway: Market share trends Q1’20

GJF and Fremtind gaining further turf in Norwegian P&C Fremtind winning on all fronts, mixed bag for others We haven’t made any est. chg., but monitor policy growth

Jan Erik Gjerland

Storebrand - Hold-to-maturity bonds stays on as a risk tool

The N-MoF has today decided to not remove HTM-bonds The 3.7% running yields important to manage guarantees A potential negative factor removed – clearly positive

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

Sector Fast Comment - A repeat of the 1995 flooding in eastern Norway?

Snow levels in the mountains at highest since 1958… …could lead to flooding in parts of eastern Norway GJF & Sampo most exposed given its market shares

Frank Maaø ...
  • Håkon Astrup
  • Jesper Ingildsen
  • Martin Arnell
  • Nicolas McBeath
  • Niklas Wetterling
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Simen Mortensen

Northern Lights

Jan Erik Gjerland

Storebrand - Impressive solvency recovery - BUY

Solvency of 172% and 155% with & without trans. rules Minor adj. EPS rev, but gross income & costs FX-driven BUY this asset gatherer still at a decent rebate TP 62 (57)

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

MSCI EAFE inflecting, aided by strength in Japan Developed international (MSCI EAFE, local currency) is displaying a change in trend, bullishly inflecting topside its downtrend and putting an end to the YTD pattern of lower highs. Despite this incrementally positive development, our outlook remains neutral for MSCI EAFE as there are still many additional resistance areas the index needs to overcome before we would turn outright bullish... see chart below. • Japan: Not too late to add exposure. Improvements in Japan are leading broad developed int'l indexes higher. Last week we highlighted bu...

Storebrand ASA: 2 directors bought

Two Directors at Storebrand ASA bought 23,200 shares at between 34.870NOK and 35.090NOK. The significance rating of the trade was 55/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rul...

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

Sector Fast Comment - Non-life Norway: Market share trends Q1’20

GJF and Fremtind gaining further turf in Norwegian P&C Fremtind winning on all fronts, mixed bag for others We haven’t made any est. chg., but monitor policy growth

Jan Erik Gjerland

Storebrand - Hold-to-maturity bonds stays on as a risk tool

The N-MoF has today decided to not remove HTM-bonds The 3.7% running yields important to manage guarantees A potential negative factor removed – clearly positive

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

Sector Fast Comment - A repeat of the 1995 flooding in eastern Norway?

Snow levels in the mountains at highest since 1958… …could lead to flooding in parts of eastern Norway GJF & Sampo most exposed given its market shares

Jan Erik Gjerland

Storebrand - Impressive solvency recovery - BUY

Solvency of 172% and 155% with & without trans. rules Minor adj. EPS rev, but gross income & costs FX-driven BUY this asset gatherer still at a decent rebate TP 62 (57)

Håkon Astrup

Storebrand (Buy, TP: NOK70.00) - Solvency withstands turmoil

Storebrand showed a solid performance in a challenging environment with AuM flat QOQ despite significant market turmoil. A Solvency ratio of 155% puts the company in a position to restart dividend payments for 2020 in our view. We have raised our 2021–2022e EPS by 2% given more robust AuM than expected, while we estimate a 2020 DPS of NOK3.25. We reiterate our BUY and NOK70 target price.

Frank Maaø ...
  • Håkon Astrup
  • Jesper Ingildsen
  • Martin Arnell
  • Nicolas McBeath
  • Niklas Wetterling
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Simen Mortensen

Northern Lights

Alexander Aukner ...
  • Håkon Astrup
  • Helene Kvilhaug Brøndbo
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Martin Arnell
  • Martin Huseby Karlsen
  • Niklas Wetterling
  • Ole-Andreas Krohn
  • Patrik Ling
  • Rune Majlund Dahl
  • Simen Mortensen
  • Viktor Trollsten

Northern Lights

Eivind Sars Veddeng ...
  • Håkon Astrup
  • Jimi Lehtonen
  • Karl-Johan Bonnevier
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Simen Mortensen
  • Tomi Railo

Northern Lights

Jesper Ingildsen ...
  • Jon Masdal
  • Martin Hoang Nguyen
  • Niclas Gehin
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Patrik Ling
  • Simen Mortensen

Northern Lights

Alexander Aukner ...
  • Christoffer Wang Bjørnsen
  • Eivind Sars Veddeng
  • Håkon Astrup
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Marius Knudssøn
  • Martin Arnell
  • Martin Hoang Nguyen
  • Martin Huseby Karlsen
  • Niclas Gehin
  • Nicolay Dyvik
  • Niklas Wetterling
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Rune Majlund Dahl
  • Tomi Railo

Northern Lights

For STOREBRAND ASA, the environment deterioration entails a downgrade to Neutral

STOREBRAND ASA (NO), a company active in the Life Insurance industry, now shows a lower overall rating. The independent financial analyst theScreener just confirmed the fundamental rating of 2 stars out of 4, as well as the stock market behaviour of the title as moderately risky. However, environmental deterioration penalises the general evaluation, which is downgraded to Neutral. As of the analysis date February 25, 2020, the closing price was NOK 63.90 and its expected value was estimated at NOK 70.09.

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 week...

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