Topdanmark Is Cheap, May Pay Out More Than Investors Expect, Nordea Says

• (PLX AI) - Topdanmark is the cheapest Nordic non-life insurance company, Nordea analysts said, reiterating a buy recommendation on the stock.
• • While consensus expects Topdanmark to have a 100% payout ratio through 2023, the company's excess capital may allow it to raise its payout ratio to 110-120%, Nordea said
• • Nordea rates Topdanmark buy with price target DKK 400