Gjensidige stock stood at NOK 247.80 as Q3 date nears

Published on 10/08/2026 at 09:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Gjensidige stock was down 0.80 percent on October 7, 2026, while 12 analysts set a median target of NOK 278.63. Q2 profit reached NOK 2.122 billion.

Aquarellgemälde der Osloer Skyline mit Fjord und Hafen bei sanftem Licht — Aquarellmalerei zeigt die Osloer Stadtsilhouette, Gjensidige Forsikring ASA, ISIN NO0010582521, ruhige nordische Hafenlandschaft, Illustration mit AI erstellt.

Gjensidige stock (ISIN NO0010582521) stood at NOK 247.80 on the Oslo Stock Exchange on October 7, 2026, down 0.80 percent from the prior session. The next major checkpoint is the insurer's Q3 report, scheduled for October 23, 2026, according to Investing.com.

Stock sits near yearly low

The October 7 price was NOK 6.60 above the 52-week low of NOK 241.40 and NOK 55.20 below the 52-week high of NOK 303.00. That places the stock 18.22 percent below its yearly high, while the market capitalization stood at NOK 124.9 billion.

Trading activity reached 231,110 shares on October 7. The session range was NOK 245.60 to NOK 250.60, giving investors a narrow daily frame despite the stock remaining near the lower end of its yearly range.

Q2 profit carries a special item

Gjensidige's Q2 2026 profit after tax was NOK 2.122 billion, according to the company's earnings-call transcript published by Yahoo Finance. The result included a NOK 419 million net negative impact from a Danish Supreme Court ruling on workers' compensation, while adjusted insurance service result reached NOK 2.794 billion.

Insurance revenue increased 9.3 percent in Q2 2026, and the underlying frequency loss ratio fell by 4 percentage points, the transcript said. The cost ratio was 11.7 percent and return on equity reached 33.3 percent, so operating quality remained stronger than the headline profit figure alone suggests.

Analysts lower the upside bar

Jefferies downgraded Gjensidige from Buy to Hold on October 5, 2026, cutting its price target from NOK 311 to NOK 272, as reported by Markets Insider. The firm cited slower Norwegian insurance pricing, while prior price increases should continue supporting earnings momentum.

The broader analyst picture is less cautious: TargetWatch lists a Buy consensus from 12 houses, with a median three-month target of NOK 278.63 and a target range of NOK 246.93 to NOK 316.17. The median target lies 12.43 percent above the October 7 price, leaving the Q3 report as the next test of whether earnings strength can offset slower pricing growth.

Gjensidige stock awaits Q3 figures

Gjensidige stock was last at NOK 247.80 on October 7, 2026, on the Oslo Stock Exchange. The combination of a 9.3 percent Q2 insurance revenue increase, a 33.3 percent return on equity and a price 18.22 percent below the 52-week high sets a clear operating and valuation frame for the October 23 report.