|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||46.56 - 46.56|
|52-week range||42.31 - 53.50|
|Beta (5Y monthly)||1.06|
|PE ratio (TTM)||9.67|
|Forward dividend & yield||4.68 (10.06%)|
|Ex-dividend date||19 May 2022|
|1y target est||52.83|
STOCKHOLM (Reuters) -Finnish insurer Sampo said on Friday it had sold its remaining stake in banking group Nordea to institutional investors for 1.84 billion euros ($1.94 billion). Sampo had said on Thursday that it would sell around half its remaining holding in Nordea, after announcing a strategic shift last year to focus on its insurance business and cut its then 15.9% stake in the bank. "Sampo announced a sale of 100 million shares but the size of the transaction was increased following strong market demand," the company said in a statement on Friday.
Finnish insurer Sampo on Wednesday beat expectations with a 30% jump in quarterly core earnings, aided by a strong performance from its main subsidiary If and gains from selling a stake in Finnish Nordea bank. Sampo's result was a bit stronger on the insurance side than in investments, Inderes analyst Sauli Vilen said, adding investors usually value that over performance on the volatile stock market. Sampo's Chief Financial Officer Knut Arne Alsaker told Reuters the company expected the fourth quarter to be the first that would not benefit from the pandemic, but that the impact on the combined ratio would be minor.