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Why Tryg stock moves

Tryg fell, moving well apart from a market that also fell.

Written after the close on ·

Why today

16,304 news analyzed today

Tryg fell, moving well apart from a market that also fell.

Its share price had recently run up sharply.

Possible explanations include the stock having risen to near its one-year high, and a short-position reduction from late October.

No company news explains the move.

Over the last five trading days, Tryg rose clearly, more than the market, which also rose clearly.

Today's move of −1.33% was 2.1 times a normal day's 0.6%. OMX Copenhagen 25 moved −0.64% on the same day.

Tryg −1.33%OMX Copenhagen 25 −0.64%A little weaker than the market

Earlier days →

See the chart in ChartCompass, with every move explained →

What analysts expect, and how often they have been right

Analysts’ estimates for Tryg.

Tryg earned more than expected in 6 out of 8 reports.

For comparison, about 46% of reports from Nordic companies beat the estimate in the last three years.

The share moved in the same direction as the earnings surprise in 6 out of 8 reports with a measured move, against about 63% of reports from Nordic companies.

Ratings

Now
Buy 6Hold 8Sell 2
3 months ago
Buy 7Hold 6Sell 3

A rating is the analyst’s own opinion about the share.

Price targets

Latest price 163.70 DKK

Price targets
Low 140Average 166High 192

The average target is 165.67 DKK, +1% relative to the latest price of 163.70 DKK. The range is 140.00 DKK–192.00 DKK. A target is the analyst’s estimate of a future share price. 16 analysts gave a target.

Earnings against expectations, and the share’s reaction

Earnings against expectations, and the share’s reaction1.31.82.22.73.22025-01-23: 1.54; Expected EPS: 1.7823/1’25−6.9%2025-04-11: 2.09; Expected EPS: 1.8111/4’25+1.4%2025-07-11: 2.80; Expected EPS: 2.7911/7’25+0.7%2025-10-10: 2.72; Expected EPS: 2.6910/10’25−1.6%2026-01-22: 2.38; Expected EPS: 2.2822/1’26+0.4%2026-04-15: 1.85; Expected EPS: 1.7615/4’26+2.6%2026-07-10: 1.71; Expected EPS: 2.4110/7’26+0.3%2026-10-09: 2.96; Expected EPS: 2.719/10’26+3.2%Next reported quarter: expected earnings per share of 2.50.→22/01

Expected EPSAbove estimateBelow estimateAs expectedDKK

Percentages below show the share’s report-day move; labels are report dates.

Next reported quarter: expected earnings per share of 2.50 DKK (January 22). For the current fiscal year, expected earnings per share changed from 9.47 DKK three months ago to 9.87 DKK now. 2026 estimate: 9.87 DKK. 2027 estimate: 10.89 DKK.

Has the share price followed the business?

Price and earnings moved in the same direction: 2 out of 3 years. Across Nordic companies, that happens in about 60% of years. In 2025, the price changed +10% and earnings per share +14%.

Revenue, profit and market cap

Revenue, profit and market cap (bn DKK)038771152022: 33.912022: 2.2520222023: 40.212023: 3.7920232024: 40.262024: 4.8220242025: 41.372025: 5.412025Now2026: 42.2020262027: 43.9920272022: 104.781052023: 90.70912024: 92.89932025: 100.24100Now: 97.5498

RevenueProfitMarket capHatched bars: analysts’ estimates.bn DKK

Market cap is 2.4 times 2025 revenue, against 3.1 in 2022. Profit in 2025: 5.4 bn DKK.

Assets, liabilities and market cap

Assets, liabilities and market cap (bn DKK)042831252022: 113.392022: 70.8920222023: 112.942023: 72.5920232024: 104.382024: 65.5120242025: 103.672025: 64.052025Now2022: 104.781052023: 90.70912024: 92.89932025: 100.24100Now: 97.5498

AssetsLiabilitiesMarket capbn DKK

Assets minus liabilities leave 39.6 bn DKK for shareholders. Market cap is 2.5 times that equity.

Price and earnings moved in the same direction: 2 out of 3 years.Market cap (Now): 97.5 bn DKKRevenue 2025: 41.4 bn DKK

What the key figures say about Tryg

The figures connect what Tryg earns with what investors pay.

The line shows the share price in the same year, on its own scale. Hatched bars: analysts’ estimates.

Earnings per share7.73 DKK
NowEarnings per share2022: 3.47222023: 6.07232024: 7.70242025: 8.80252026: 9.87262027: 10.89272022: 165.352023: 146.902024: 151.502025: 166.50

Profit divided by the number of shares. Each share represents this much of the earnings.

2022–2025: 3.47 DKK–8.80 DKK. Peers: Sampo 0.46 EUR, American International Group $6.13, Generali 2.95 EUR. 2026 estimate: 9.87 DKK (8.94 DKK–10.97 DKK). 2027 estimate: 10.89 DKK (10.48 DKK–11.35 DKK).

Revenue43.7 bn DKK
NowRevenue2022: 33,909,000,000.00222023: 40,213,000,000.00232024: 40,255,000,000.00242025: 41,369,000,000.00252026: 42,200,285,710.00262027: 43,990,663,630.00272022: 165.352023: 146.902024: 151.502025: 166.50

What the company sold during the year.

2022–2025: 33.9 bn DKK–41.4 bn DKK. Peers: Sampo 10.7 bn EUR, American International Group $27.8B, Generali 59.3 bn EUR. 2026 estimate: 42.2 bn DKK (42.1 bn DKK–42.3 bn DKK). 2027 estimate: 44.0 bn DKK (43.6 bn DKK–44.6 bn DKK).

Return on equity12.5%
NowReturn on equity2022: 5.29222023: 9.40232024: 12.39242025: 13.64252022: 165.352023: 146.902024: 151.502025: 166.50

Profit as a percentage of shareholders’ money in the company.

2022–2025: 5.3%–13.6%. Peers: Sampo 16.0%, American International Group 8.2%, Generali 15.1%.

P/E21.2
NowP/E2022: 47.65222023: 24.20232024: 19.68242025: 18.92252026: 16.58262027: 15.0327

The price investors pay for each unit of annual earnings per share. Not shown for a loss.

2022–2025: 18.9–47.7. Peers: Sampo 21.3, American International Group 12.7, Generali 14.8. 2026 estimate: 16.6. 2027 estimate: 15.0.

Market cap per unit of revenue (P/S)2.23
NowMarket cap per unit of revenue (P/S)2022: 3.09222023: 2.26232024: 2.31242025: 2.42252026: 2.31262027: 2.2227

What investors pay for each unit the company sells.

2022–2025: 2.26–3.09. Peers: Sampo 2.40, American International Group 1.45, Generali 1.11. 2026 estimate: 2.31. 2027 estimate: 2.22.

Dividend per share8.50 DKK
NowDividend per share2017: 9.29172018: 7.67182019: 5.25192020: 6.69202021: 4.57212022: 4.20222023: 7.15232024: 7.70242025: 8.1025

Money paid to shareholders per share, summed by calendar year.

2017–2025: 4.20 DKK–9.29 DKK.

Dividend yield5.2%
NowDividend yield2022: 2.54222023: 4.87232024: 5.08242025: 4.8625

The ordinary yearly dividend as a percentage of the share price. Across Nordic companies, a yield of this size was followed by a lower dividend the next year in about 33% of cases, against about 17% below 5%.

2022–2025: 2.5%–5.1%. Peers: Sampo 3.7%, American International Group 2.6%, Generali 3.8%.

More key figures
Market cap / equity (P/B)2.73
NowMarket cap / equity (P/B)2022: 2.47222023: 2.25232024: 2.39242025: 2.5325

Market cap divided by shareholders’ equity, what remains after liabilities.

2022–2025: 2.25–2.53. Peers: Sampo 3.35, American International Group 1.04, Generali 2.06.

EV / EBIT12.5
2025EV / EBIT2022: 29.63222023: 15.36232024: 13.11242025: 12.5225

Market cap plus net debt, divided by operating earnings. This includes debt.

2022–2025: 12.5–29.6.

Free cash flow per share11.11 DKK
NowFree cash flow per share2022: 0.30222023: 9.71232024: 7.86242025: 10.60252022: 165.352023: 146.902024: 151.502025: 166.50

Cash left after investments, divided by the number of shares.

2022–2025: 0.30 DKK–10.60 DKK. Peers: Sampo 0.47 EUR, American International Group $10.03, Generali 12.82 EUR.

Equity ratio38.2%
2025Equity ratio2022: 37.48222023: 35.73232024: 37.23242025: 38.2225

The percentage of assets financed by shareholders’ equity.

2022–2025: 35.7%–38.2%.

The dividend explained

A dividend is money paid to shareholders. Tryg paid 8.50 DKK per share in the twelve months through November 6, 2026.

On the ex-dividend day, October 12, 2026, Tryg traded without the right to the 2.15 DKK dividend. The price went from 148.50 DKK to 148.00 DKK; including the dividend, the day's change was +1.1%. Entitlement passes from the company to shareholders on the ex-day; payment comes later.

2017: 9.29 DKK2018: 7.67 DKK2019: 5.25 DKK2020: 6.69 DKK2021: 4.57 DKK2022: 4.20 DKK2023: 7.15 DKK2024: 7.70 DKK2025: 8.10 DKK2026 so far: 8.50 DKK

What to watch next, and why

The earnings report shows how Tryg's revenue and profit have changed.

  • Earnings report

    The earnings report shows how Tryg's revenue and profit have changed.

    Add to calendar

Earnings report

Next report: · Add to calendar · Google Calendar

Report day2.6%

Normal day0.6%

On its last 15 report days Tryg usually moved about 2.6%. On a normal day it moves 0.6%.

+3.20% +0.26% +2.64% +0.37%

10,000 DKK in Tryg bought on November 7, 2016 is worth 26,600 DKK today, with dividends reinvested.

The same amount in OMX Copenhagen with dividends would have become 25,700 DKK.

What would 10,000 DKK in Tryg be worth today? →

What would 10,000 DKK in Tryg be worth today?

26,600 DKK

with dividends reinvested, bought on November 7, 2016. The same amount in OMX Copenhagen with dividends would have become 25,700 DKK.

The five biggest days of the journey

· −9.3% · the whole market fell 8.0% the same day

· −8.5% · the whole market fell 0.3% the same day

· +7.3% · the whole market rose 1.5% the same day

· −6.9% · the whole market rose 0.2% the same day · report day

· −6.7% · the whole market fell 4.0% the same day

Earlier days

  • +2.63% market +1.75% Tryg rose clearly over the week, moving more than the Copenhagen market, which also rose clearly. Read →

    Tryg rose clearly over the week, moving more than the Copenhagen market, which also rose clearly.

    The move was big for Tryg, about twice a normal five-day stretch.

    Tryg's shares now sit near their highest close of the past year.

    Tryg's next earnings report is due on 22 January 2027.

  • +1.16% market −0.23% Tryg rose, moving against a slightly weaker market. Read →

    Tryg rose, moving against a slightly weaker market.

    No company news from that session explains it.

    Over the last five trading days, Tryg rose sharply, far more than OMX Copenhagen 25.

    Earlier news about job cuts and a major investor stake above 5% is background.

    Trading volume was around its usual level.

  • +1.36% market +1.82% Tryg rose, in line with a strong market. Read →

    Tryg rose, in line with a strong market.

    Tryg rose sharply over the last five trading days, with the Copenhagen market also rising sharply.

    No company news from the last session explains the move, so it looks market-wide.

    Tryg's shares traded well above their usual volume, and the latest close sits near the highest level of the past year.

    Tryg's next earnings report is due on Friday, 22 January 2027.

  • +0.12% market +0.22% Tryg rose, but without a company-news explanation. Read →

    Tryg rose, but without a company-news explanation.

    Tryg was roughly unchanged, while OMX Copenhagen 25 rose slightly, so it moved less than the market.

    Over the last five trading days Tryg rose clearly, while the market rose sharply.

    Most of the recent news is background: BlackRock disclosed a holding above 5% last Friday, and short positions fell earlier this month.

    The next earnings report is Friday 22 January 2027.

  • +1.32% market +0.59% Tryg rose sharply, more than the market. Read →

    Tryg rose sharply, more than the market.

    No company news from that session explains the move.

    Over the last five trading days Tryg rose clearly, but less than OMX Copenhagen 25.

    Earlier, BlackRock disclosed a stake above 5%, which is background from before the session.

    Next, the company reports on 22 January 2027.

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