Tryg Has Room For Significant Dividends & Buybacks Through 2024, Analysts Say

• (PLX AI) - Tryg is likely to return more cash to shareholders than consensus currently anticipates, analysts said.
• • The insurer's earnings are likely to exceed ordinary dividends by DKK 3 billion from 2023/2024, Nordea said
• • While consensus sees extraordinary dividends of only 0.7 DKK in 2023 and 1 DKK in 2024, Nordea sees DKK 2.4 for each year
• • Tryg has scope for close to 20% of its current market cap to be distributed via dividends and buybacks through 2024, DNB said
• • Both DNB and Nordea rate Tryg buy