Tryg is an insurance company, engaged in providing insurance services. Co.'s private segment encompasses the sale of insurance products to private individuals in Denmark and Norway. Co.'s commercial segment encompasses the sale of insurance products to small and medium-sized businesses in Denmark and Norway. Co.'s corporate segment sells insurance products to corporate customers under the brand Tryg in Denmark and Norway, Moderna in Sweden and Tryg Garanti. Co.'s Sweden segment comprises the sale of insurance products to private customers under the Moderna brand. Moreover, insurance is sold under the brands Atlantica, Bilsport & MC, Securator and Moderna Djurforsakringar.
  • TickerTRYG
  • ISINDK0060636678
  • ExchangeNasdaq Nordic Copenhagen
  • SectorNonlife Insurance
  • CountryDenmark

Analysts

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

Sector Fast Comment - Non-life Norway: Market share trends Q3’19

Gjensidige gained market share again (+12bp q-o-q Q3) Premium growth driven by prices, rather than # policies We haven’t made any est. chg. based on this statistics

1 director maiden bought

A director at Tryg A S maiden bought 2,500 shares at 189.489DKK and the significance rating of the trade was 71/100. 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 rules. The names of bo...

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

Sector Fast Comment - Non-life Norway: Market share trends Q3’19

Gjensidige gained market share again (+12bp q-o-q Q3) Premium growth driven by prices, rather than # policies We haven’t made any est. chg. based on this statistics

Niclas Gehin

Tryg (Hold, TP: DKK200.00) - Profitability over premiums growth

Tryg reported fairly in-line Q3 results in which the main deviations were a slightly softer combined ratio and stronger than expected premiums growth. We have reduced our 2020–2021e premiums and EPS estimates marginally, as much of the positive effect from the premiums beat in Q3 was offset by more muted comments regarding expectations for volumes loss after the price hikes were initiated. We reiterate our HOLD recommendation and have reduced our target price to DKK200 (DKK210).

Aksel Øverland Engebakken ...
  • Jan Erik Gjerland
  • John Olaisen
  • Karl Fredrik Schjøtt-Pedersen
  • Mads Thinggaard
  • Morten Raunholt Eismark
  • Victor Forssell

Talking Points - Adevinta (Sell): Still not excited

DNO (Buy) Preview: We are cautious on the Q3 numbers Positive sales revisions driven by bolt-ons Not attractive: SELL, TP NOK 76

Jan Erik Gjerland ...
  • Mads Thinggaard

Tryg - Corporate repricing to lift profitability

Q3’19 CR and premium growth better than expectations We now expect a 2021e dividend yield of 5.8% We reiterate BUY and our TP of DKK 230

Jan Erik Gjerland ...
  • Mads Thinggaard

Tryg - Q3’19 premium growth 2.5% above consensus

CR excl. run-off gains of 89.4 is 50bp better than cons. The private segment drives 6.8% organic premium growth We expect the share to trade up today

1 director maiden bought

A director at Tryg A S maiden bought 2,500 shares at 189.489DKK and the significance rating of the trade was 71/100. 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 rules. The names of bo...

Insider bought: A director bought 15,464 shares at 130.300DKK and

A director at Tryg A S bought 15,464 shares at 130.300DKK and the significance rating of the trade was 77/100. 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 rules. The names of bo...

Alexander Aukner ...
  • Niclas Gehin
  • Ole-Andreas Krohn
  • Rune Majlund Dahl

Northern Lights

Christoffer Wang Bjørnsen ...
  • Håkon Astrup
  • Niclas Gehin
  • Ole-Andreas Krohn
  • Stefan Gauffin

Northern Lights

Eivind Sars Veddeng ...
  • Jon Berggren
  • Karl-Johan Bonnevier
  • Martin Arnell
  • Niclas Gehin
  • Ole Martin Westgaard
  • Ole-Andreas Krohn

Northern Lights

Christer Magnergård ...
  • Eivind Sars Veddeng
  • Håkon Astrup
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Martin Hoang Nguyen
  • Niclas Gehin
  • Ole-Andreas Krohn
  • Olof Larshammar

Northern Lights

Jon Masdal ...
  • Karl-Johan Bonnevier
  • Martin Arnell
  • Martin Huseby Karlsen
  • Niclas Gehin
  • Ole-Andreas Krohn
  • Simen Mortensen

Northern Lights

An unfavourable environment weighs on TRYG A/S, which sees a downgrade to Neutral

The independent financial analyst theScreener just requalified the general evaluation of TRYG A/S (DK), active in the Full Line Insurance industry. As regards its fundamental valuation, the title still shows 1 out of 4 stars and its market behaviour is seen as defensive. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Neutral. As of the analysis date August 2, 2019, the closing price was DKK 209.80 and its target price was estimated at DKK 195.59.

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...

Tryg – Proxinvest Corporate Governance Rating ® : C

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...

Expert Corporate Governance Service (ECGS)

Tryg, March 15, 2019

Since, as of the date of this report, the names of the candidates put forward by major shareholder TryghedsGruppen smba have not been announced yet, ECGS does not consider Tryg to be in compliance with the Danish regulations relating to the organisation and procedures of the AGM. In ECGS' view, this is a significant corporate governance breach and totally unlike best practice. Under ITEM 4, although not legally required in Denmark, the supervisory board and the executive management seek discharge. Under its guidelines, ECGS no longer approves discharge of the board of directors and/or executi...

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Bullish Stocks

Concerns over perceived central bank policy missteps have been somewhat alleviated following dovish takeaways from Fed Chair Powell's comments, proclaiming interest rates are “just below” the neutral rate, and reminding everyone that future rate hikes are not predetermined. While this is certainly an incrementally positive development, it does not completely remove the specter of future rate hikes from our list of concerns. Of course, trade remains an issue despite optimism surrounding the Trump/Xi meeting at the G20 summit this week. Therefore, our outlook remains cautious and we expect conso...

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