Jefferies trims target for The Company for Cooperative Insurance stock
Published on 10/08/2026 at 14:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Jefferies had trimmed its price target for The Company for Cooperative Insurance stock on August 26, 2026, while maintaining a Buy rating, according to MarketScreener. The company then traded at SAR 87.20 on Tadawul on October 8, 2026, down 3.59 percent from the SAR 90.45 prior close.
First-half premiums kept growing
The operating picture was mixed in the first half of 2026. Premiums rose 21.50 percent to SAR 14.50 billion, while net profit fell 16.40 percent to SAR 609.80 million, according to Fintech Saudi on September 16, 2026.
The same report said insurance revenue increased 15.90 percent in the first half and net investment results reached SAR 416.10 million, up 12.90 percent. Claims pressure in general insurance and seasonality in health insurance were cited alongside the lower profit.
What changed in earnings?
The contrast between premium growth and profit contraction is the central issue for the stock. A larger premium base did not translate into higher earnings because claims-related pressure absorbed part of the operating benefit, while investment results still provided a positive contribution.
For valuation context, the finance profile places the company in the diversified insurance industry, with 267 employees and headquarters in Riyadh. Global Banking and Finance identifies the security as ticker 8010.SR on Tadawul under ISIN SA000A0DPSH3.
Stock remains below its yearly high
The Tadawul price of SAR 87.20 on October 8, 2026 stood below the 52-week high of SAR 137.50 and above the 52-week low of SAR 74.53. Its market capitalization was SAR 19.6 billion on the same date, giving investors a market-value measure alongside the earnings contrast.
The next valuation debate therefore centers on whether premium growth can improve underwriting profitability. Jefferies' retained Buy rating and target reduction leave the earnings trend, rather than premium expansion alone, as the key measure for the shares.
The Company for Cooperative Insurance facts
- Company: The Company for Cooperative Insurance SJSC
- ISIN: SA000A0DPSH3
- Ticker: 8010.SR
- Primary exchange: Tadawul
- Price Tadawul (as of October 8, 2026, 3:00 p.m. AST): SAR 87.20
- Change versus prior close: minus 3.59 percent
- Prior close Tadawul (October 7, 2026): SAR 90.45
- Market capitalization: SAR 19.6 billion (as of October 8, 2026)
- 52-week range: SAR 74.53-137.50
- Sector / Industry: Financial Services / Insurance - Diversified
Market context: Latest market reports.
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