Danske Bank cuts target for Tryg stock to DKK 160.00

Published on 10/05/2026 at 11:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tryg expects H2 growth below 3.00 percent in local currencies. Tryg stock costs EUR 19.39 on October 5, 2026 after EUR 19.22, plus 0.88 percent.

Geometrisches Bauhaus-Poster mit bunten Formen und dem Schriftzug Insurance — Bauhaus-Poster mit geometrischen Formen und Begriff Insurance visualisiert die Branche von Tryg A/S, ISIN DK0060636678, Illustration mit AI erstellt.

Tryg (ISIN DK0060636678) was trading at EUR 19.39 at Lang & Schwarz on October 5, 2026 at 11:48 a.m. CEST, up 0.88 percent from the prior close of EUR 19.22. The latest analyst action came on September 24, 2026, when Danske Bank cut Tryg to Hold (buy) and set a DKK 160.00 price target, as reported by MarketScreener.

Revenue growth slows in the second half

Tryg expects local-currency revenue growth below 3.00 percent in the second half of 2026, after growth of 3.40 percent in the first half. GlobeNewswire reported the outlook in Tryg's Q3 pre-silent newsletter dated September 29, 2026.

The same release puts the third-quarter insurance revenue reference at DKK 10.18 billion for Q3 2025 and says the company will publish its Q3 2026 results on October 9, 2026. That date gives the stock a clear near-term reporting event, while the slower second-half growth profile sets a demanding comparison for the release.

Q2 showed strong private growth

In the second quarter of 2026, revenue grew 3.30 percent, with the private segment up 5.00 percent from 4.40 percent a year earlier. The Q2 earnings call also reported an adjusted insurance service result of DKK 2.39 billion, compared with DKK 1.19 billion including the DKK 1.20 billion workers' compensation charge, according to Yahoo Finance on July 10, 2026.

The adjusted combined ratio was 77.40 percent in the second quarter, while the solvency ratio stood at 196.00 percent. The figures show the central tension in the current setup: private growth remains measurable, but claims and slower pricing growth can compress reported profitability.

Tryg stock stays below its yearly high

On Nasdaq Copenhagen, Tryg was last at DKK 144.90 on October 5, 2026 at 11:51 a.m. CEST. The DKK 139.00 to DKK 168.30 52-week range leaves the share below its yearly high, while market capitalization stood at DKK 86.3 billion on the same date.

Tryg is listed on Nasdaq Copenhagen and belongs to the Danish C25 index, according to the company's investor page. Its business spans private, commercial and corporate insurance across Denmark, Norway and Sweden.

October 9 brings the next test

The third-quarter release on October 9, 2026 will test whether private-sector momentum can offset slower price increases and second-half revenue growth below 3.00 percent. The combination of DKK 160.00 target-setting by Danske Bank and the upcoming results date makes the next report the key reference point for the stock's valuation.

The further course of trading is shown by the continuously updated real-time quote of Tryg stock.