Sjova stock: Sjova adds 590,076 treasury shares. Buyback plan sets 14 million limit for Sjova stock

Published on 10/22/2026 at 06:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sjova bought 590,076 shares for ISK 25.1 million in the latest week. The 14 million share program frames Sjova stock before October 22, 2026 results.

Repurchases and reporting dates

Sjova bought 590,076 shares for ISK 25.1 million on October 19, 2026.
The buyback program permits 14 million shares and caps spending at ISK 500 million.
Sjova had a market capitalization of ISK 51.1 billion on October 21, 2026.

Sjova, IS0000024602, Illustration mit AI erstellt.

Sjova stock (ISIN IS0000024602) is tied to a 590,076-share buyback announced on October 19, 2026, for a total purchase price of ISK 25.1 million, according to Sjóvá-Almennar tryggingar hf. The insurer had scheduled its third-quarter 2026 results for October 22, 2026, after the market close, with a presentation at 4:15 p.m., according to Nasdaq Iceland.

Three buyback weeks show the pace

The repurchase program has produced a rising sequence of disclosed purchases. On October 5, 2026, Sjóvá reported 800,000 shares bought for ISK 33.04 million, while an October 12, 2026 notice covered another 419,752 shares for ISK 17.79 million, according to Financial Times and Sjóvá-Almennar tryggingar hf..

The October 19 disclosure added 590,076 shares, taking treasury holdings to 9,105,626 shares, or 0.78 percent of issued stock. The latest purchases were made between October 12 and October 15, 2026, at ISK 42.40 or ISK 42.60 per share, according to Sjóvá-Almennar tryggingar hf.

What does the program authorize?

The plan allows purchases of up to 14 million shares and limits total spending to ISK 500 million. Treasury shares may reach 1.21 percent of issued share capital, while the planned completion date is September 12, 2027, or earlier if the limits are reached. For investors, the size of the authorization gives the third-quarter report a concrete capital-allocation backdrop.

Reporting date and valuation context

The next substantiated dates are October 22, 2026, for the third-quarter results, and September 12, 2027, for the planned buyback completion date. Sjóvá's market capitalization stood at ISK 51.1 billion on October 21, 2026, while its 52-week range was ISK 35.20 to ISK 46.40. The company operates in insurance and trades as SJOVA.IC on Nasdaq Iceland, according to Global Banking and Finance Review.