Gjensidige Forsikring (GJF) Stock Overview
Provides general insurance and pension products in Norway, Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 4/6 |
| Past Performance | 4/6 |
| Financial Health | 4/6 |
| Dividends | 4/6 |
GJF Community Fair Values
Create NarrativeSee what 30 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Gjensidige Forsikring ASA Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | NOK 248.80 |
| 52 Week High | NOK 303.00 |
| 52 Week Low | NOK 241.40 |
| Beta | 0.19 |
| 1 Month Change | -0.40% |
| 3 Month Change | -5.61% |
| 1 Year Change | -3.19% |
| 3 Year Change | 39.85% |
| 5 Year Change | 30.64% |
| Change since IPO | 323.49% |
Recent News & Updates
Narrative Update • May 24
GJF: Fair Value View Will Balance Bullish Upgrades And Dividend Distributions
Analysts have nudged the Gjensidige Forsikring price target slightly higher from NOK 240.15 to NOK 241.34, citing updated assumptions around discount rates, profit margins and future P/E, along with recent positive broker research. Analyst Commentary Recent research has pointed to a more constructive stance on Gjensidige Forsikring, with upgraded ratings and refreshed assumptions around discount rates, profit margins and future P/E multiples.
Narrative Update • May 07
GJF: Upgraded Views And Dividend Payouts Will Support Medium-Term Upside Potential
The analyst fair value estimate for Gjensidige Forsikring has shifted from NOK 330 to NOK 321, as analysts weigh more bullish views from recent upgrades against updated assumptions for the discount rate, revenue growth, profit margin and future P/E. Analyst Commentary Recent Street research around Gjensidige Forsikring reflects a split in opinion, with two bullish analysts upgrading the stock and one more cautious voice issuing a downgrade.
Narrative Update • Apr 22
GJF: Dividends And Mixed Ratings Will Shape Returns At Current Levels
Gjensidige Forsikring’s updated analyst price target edges slightly lower to about NOK 290, as analysts balance recent upgrades from Pareto and SEB Equities with more cautious stances from Barclays and Berenberg, while fine tuning assumptions on revenue growth, profit margin, and future P/E. Analyst Commentary Recent research on Gjensidige Forsikring shows a split between analysts who see improving fundamentals being reflected in higher ratings and those who are more guarded on valuation and execution, which is feeding into the small adjustment in the average price target.Narrative Update • Apr 08
GJF: Dividend Payouts And Slightly Higher P E Multiple Will Underpin Returns
The analyst price target for Gjensidige Forsikring has been trimmed by NOK 10 to reflect more cautious views from recent research, as analysts factor in slightly softer revenue growth assumptions and marginally lower profit margin expectations, along with a modestly higher future P/E multiple. Analyst Commentary Recent research around Gjensidige Forsikring has turned more cautious, with price targets adjusted and ratings cut as analysts reassess the balance between earnings expectations and the valuation investors are being asked to pay.Recent updates
Narrative Update • May 24
GJF: Fair Value View Will Balance Bullish Upgrades And Dividend Distributions
Analysts have nudged the Gjensidige Forsikring price target slightly higher from NOK 240.15 to NOK 241.34, citing updated assumptions around discount rates, profit margins and future P/E, along with recent positive broker research. Analyst Commentary Recent research has pointed to a more constructive stance on Gjensidige Forsikring, with upgraded ratings and refreshed assumptions around discount rates, profit margins and future P/E multiples.Narrative Update • May 07
GJF: Upgraded Views And Dividend Payouts Will Support Medium-Term Upside Potential
The analyst fair value estimate for Gjensidige Forsikring has shifted from NOK 330 to NOK 321, as analysts weigh more bullish views from recent upgrades against updated assumptions for the discount rate, revenue growth, profit margin and future P/E. Analyst Commentary Recent Street research around Gjensidige Forsikring reflects a split in opinion, with two bullish analysts upgrading the stock and one more cautious voice issuing a downgrade.Narrative Update • Apr 22
GJF: Dividends And Mixed Ratings Will Shape Returns At Current Levels
Gjensidige Forsikring’s updated analyst price target edges slightly lower to about NOK 290, as analysts balance recent upgrades from Pareto and SEB Equities with more cautious stances from Barclays and Berenberg, while fine tuning assumptions on revenue growth, profit margin, and future P/E. Analyst Commentary Recent research on Gjensidige Forsikring shows a split between analysts who see improving fundamentals being reflected in higher ratings and those who are more guarded on valuation and execution, which is feeding into the small adjustment in the average price target.Narrative Update • Apr 08
GJF: Dividend Payouts And Slightly Higher P E Multiple Will Underpin Returns
The analyst price target for Gjensidige Forsikring has been trimmed by NOK 10 to reflect more cautious views from recent research, as analysts factor in slightly softer revenue growth assumptions and marginally lower profit margin expectations, along with a modestly higher future P/E multiple. Analyst Commentary Recent research around Gjensidige Forsikring has turned more cautious, with price targets adjusted and ratings cut as analysts reassess the balance between earnings expectations and the valuation investors are being asked to pay.Narrative Update • Mar 24
GJF: Fair Value View Balances Bearish Downgrades And Special Dividend Outlook
Analysts now place Gjensidige Forsikring's fair value at NOK 240.15, up from NOK 185.00. This reflects updated views on discount rates, revenue growth, profit margins and future P/E, even as recent Street research has turned more cautious with downgrades and lower price targets.Narrative Update • Mar 10
GJF: Special Dividend And Reduced P E Expectations Will Drive Returns
Analysts have trimmed their price targets on Gjensidige Forsikring by NOK 10. This reflects more cautious views on revenue growth, profit margins and future P/E multiples following recent downgrades and target cuts from the Street.Narrative Update • Feb 24
GJF: Special Dividend And Lower Future P E Will Shape Returns
The analyst price target for Gjensidige Forsikring has been reduced by around NOK 4 to reflect slightly lower fair value assumptions and a modestly reduced future P/E, as several recent research updates have turned more cautious on the shares. Analyst Commentary Bullish Takeaways Bullish analysts still see support for the investment case at the updated price targets, even after the recent reductions in fair value assumptions.Narrative Update • Feb 10
GJF: Rebased Earnings Assumptions And Special Dividend Will Shape Future Returns
Narrative Update on Gjensidige Forsikring Analysts have trimmed their price target on Gjensidige Forsikring by NOK 10, reflecting updated views on future P/E assumptions, profit margins and growth after recent research moves, including a target cut and a downgrade. Analyst Commentary Recent research suggests that analysts are reassessing their assumptions on valuation and earnings power for Gjensidige Forsikring, which is feeding through to trimmed price targets and at least one downgrade.Narrative Update • Jan 26
GJF: Revised Margins And Earnings Profile Will Support Medium-Term Upside Potential
Analysts have maintained their price target for Gjensidige Forsikring at NOK 330, citing updated assumptions for slightly higher revenue growth, stronger profit margins, and a lower future P/E multiple following recent research, including a downgrade from Barclays. Analyst Commentary Recent research has kept the NOK 330 price target intact but has adjusted the underlying assumptions, with updated views on revenue, margins, and the future P/E multiple.Analysis Article • Jan 25
Pinning Down Gjensidige Forsikring ASA's (OB:GJF) P/E Is Difficult Right Now
When close to half the companies in Norway have price-to-earnings ratios (or "P/E's") below 14x, you may consider...Narrative Update • Jan 11
GJF: Capital Markets Day Will Clarify Earnings Quality And Risk Profile
Analysts have lifted their price target on Gjensidige Forsikring from NOK 310 to NOK 330, pointing to adjusted assumptions around the discount rate, revenue growth, profit margins and future P/E as the key drivers behind the change. What's in the News Gjensidige Forsikring is holding a Capital Markets Day, flagged as an Analyst/Investor Day event, which typically focuses on updating investors on the business and financial priorities (Key Developments).Narrative Update • Dec 27
GJF: Higher Pricing And Fair Valuation Will Shape Future Returns
Analysts have raised their price target for Gjensidige Forsikring significantly, from NOK 185 to NOK 321, citing the company's improving outlook, which is supported by rising Norwegian insurance prices. Analyst Commentary Bullish analysts point to the substantial increase in the price target as evidence that the market has been underestimating Gjensidige Forsikring's earnings power in a firming pricing environment.Narrative Update • Dec 13
GJF: Higher Pricing And IT Setback Will Shape Future Returns
Analysts have raised their price target for Gjensidige Forsikring by about NOK 4 per share, reflecting improved expectations for revenue growth and profit margins as the company benefits from rising Norwegian insurance prices. Analyst Commentary Bullish analysts view the recent upgrade in rating and substantial increase in the price target as evidence that the market had been underestimating Gjensidige Forsikring's earnings power in a higher pricing environment.Narrative Update • Nov 29
GJF: Upgrades Will Support Shareholder Value as Insurance Prices Stay Elevated
Analysts have increased their fair value estimate for Gjensidige Forsikring from NOK 279.83 to NOK 288.14, citing stronger profit margins and the positive impact of rising insurance prices in Norway. Analyst Commentary Bullish Takeaways Bullish analysts have upgraded their outlook on Gjensidige Forsikring, reflecting confidence in the company's ability to capture higher margins due to favorable developments in insurance pricing.Narrative Update • Nov 15
GJF: Higher Insurance Prices Will Drive Steady Performance Amid Changing Market Conditions
Gjensidige Forsikring’s analyst price target has been raised substantially, reflecting a positive outlook as analysts cite the company’s benefit from higher Norwegian insurance prices and adjust their fair value estimate to NOK 279.83 per share. Analyst Commentary Bullish Takeaways Bullish analysts point to the continued rise in Norwegian insurance prices as a key driver supporting Gjensidige Forsikring’s improved valuation.Narrative Update • Nov 01
GJF: Norwegian Pricing Trends And Execution Will Shape Outlook Amid Pricing Momentum
Narrative Update on Gjensidige Forsikring Analysts have slightly reduced their fair value estimate for Gjensidige Forsikring to NOK 279.83, citing revised growth and margin projections. They note continued optimism due to favorable pricing trends in the Norwegian insurance market.Narrative Update • Oct 18
Pricing Reforms And Digital Advances Will Redefine Nordic Insurance
Narrative Update: Gjensidige Forsikring Price Target Raised The analyst consensus fair value estimate for Gjensidige Forsikring has been increased from NOK 275.75 to NOK 280.75. This change reflects analysts' more optimistic outlook, supported by recent upward price target revisions and expectations of stronger revenue growth.Narrative Update • Oct 03
Pricing Reforms And Digital Advances Will Redefine Nordic Insurance
The fair value estimate for Gjensidige Forsikring has been raised from NOK 262.44 to NOK 275.75. This change reflects analysts' increased optimism on improving revenue growth and profit margins, as supported by recent price target upgrades from multiple firms.Analysis Article • Sep 16
Gjensidige Forsikring ASA's (OB:GJF) Price Is Out Of Tune With Earnings
With a price-to-earnings (or "P/E") ratio of 22.6x Gjensidige Forsikring ASA ( OB:GJF ) may be sending very bearish...Narrative Update • Sep 05
Pricing Reforms And Digital Advances Will Redefine Nordic Insurance
Analysts raised Gjensidige Forsikring’s price target to NOK262.44, citing improved profitability from pricing measures and higher premiums, but note limited near-term upside after the recent share price rally. Analyst Commentary Bullish analysts cited ongoing pricing measures and gradual improvement in profitability from higher earned premiums as key drivers for target price increases.Analysis Article • Aug 26
With EPS Growth And More, Gjensidige Forsikring (OB:GJF) Makes An Interesting Case
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
New Narrative • Nov 25
Price Overhaul And Efficiency Drive To Propel Insurance Profitability
Significant price hikes in insurance products align with loss trends, likely boosting revenue and profitability amidst changing market conditions.Shareholder Returns
| GJF | NO Insurance | NO Market | |
|---|---|---|---|
| 7D | -0.5% | -0.8% | 0.6% |
| 1Y | -3.2% | -0.4% | 18.3% |
Return vs Industry: GJF underperformed the Norwegian Insurance industry which returned -0.4% over the past year.
Return vs Market: GJF underperformed the Norwegian Market which returned 18.3% over the past year.
Price Volatility
| GJF volatility | |
|---|---|
| GJF Average Weekly Movement | 3.2% |
| Insurance Industry Average Movement | 3.5% |
| Market Average Movement | 5.4% |
| 10% most volatile stocks in NO Market | 11.4% |
| 10% least volatile stocks in NO Market | 3.2% |
Stable Share Price: GJF has not had significant price volatility in the past 3 months compared to the Norwegian market.
Volatility Over Time: GJF's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1816 | 4,150 | Geir Holmgren | www.gjensidige.com |
Gjensidige Forsikring ASA, together with its subsidiaries, provides general insurance and pension products in Norway, Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia. It operates in four segments: General Insurance Private, General Insurance Commercial, General Insurance Sweden, and Pension. The company offers motor, property, travel, accident and health, general liability, natural perils, agriculture, medical treatment and expense, disability, income protection, workers’ compensation, motor vehicle liability, marine, aviation, transport, fire and other damage to property, assistance, other non-life, and life insurance products, as well as non-proportional non-life reinsurance products.
Gjensidige Forsikring ASA Fundamentals Summary
| GJF fundamental statistics | |
|---|---|
| Market cap | NOK 124.39b |
| Earnings (TTM) | NOK 6.52b |
| Revenue (TTM) | NOK 46.86b |
19.1x
P/E Ratio2.7x
P/S RatioIs GJF overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| GJF income statement (TTM) | |
|---|---|
| Revenue | NOK 46.86b |
| Cost of Revenue | NOK 29.29b |
| Gross Profit | NOK 17.57b |
| Other Expenses | NOK 11.05b |
| Earnings | NOK 6.52b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Jul 13, 2026
| Earnings per share (EPS) | 13.04 |
| Gross Margin | 37.49% |
| Net Profit Margin | 13.91% |
| Debt/Equity Ratio | 18.7% |
How did GJF perform over the long term?
See historical performance and comparisonDividends
5.8%
Current Dividend Yield77%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/08 08:19 |
| End of Day Share Price | 2026/06/05 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Gjensidige Forsikring ASA is covered by 25 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | ABG Sundal Collier |
| Claudia Gaspari | Barclays |
| Alessia Magni | Barclays |