Sjova stock reports 800,000 share buyback in week 40

Sjova stock (ISIN IS0000024602) follows a week 40 buyback of 800,000 shares worth ISK 33.04 million. According to GlobeNewswire on October 5, 2026, the Icelandic insurer bought the shares under its existing repurchase program.

Buyback reaches 800,000 shares

The purchases took place from September 28 through September 30, 2026, at prices between ISK 41.00 and ISK 41.60. The company said its treasury stock rose from 7,295,798 shares to 8,095,798 shares, equal to 0.70 percent of issued shares.

The program allows purchases of up to 14,000,000 shares and carries a maximum total cost of ISK 500 million. The release sets September 12, 2027, as the latest end date if the limits are not reached earlier, giving the program a defined ceiling and timetable.

Equity rises 3.31 percent

For the latest reported quarter, Q2 2026 equity stood at ISK 23.93 billion, an increase of ISK 765.77 million, or 3.31 percent, from ISK 23.17 billion in Q1 2026, according to TradingView. That sequential improvement provides a balance-sheet counterpoint to the capital return program, although equity growth alone does not measure underwriting profitability.

The buyback budget is equal to 1.21 percent of issued share capital at the program limit. The 800,000 shares reported for week 40 therefore represent 5.71 percent of the maximum share allowance, while the accumulated treasury position represents 57.83 percent of that allowance.

Sjova stock stays below yearly high

Sjova stock was last at ISK 42.80 on Nasdaq Iceland on October 7, 2026, at 3:29 p.m. GMT, up 0.94 percent from the prior close of ISK 42.40. The session volume was 1,609,026 shares, and the 52-week range was ISK 35.20 to ISK 46.40.

The market capitalization was ISK 49.7 billion as of October 7, 2026. The stock was ISK 3.60 below its 52-week high, leaving the buyback program, equity development and future insurance results as the key company-specific reference points.

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