Storebrand Lifts Treasury Stake to 2.94% Through Ongoing Share Buybacks

Storebrand ASA ( (GB:0NO0) ) just unveiled an announcement.

Storebrand ASA has continued executing its share buyback program, repurchasing an additional 390,000 shares in the period from 2 to 6 March 2026 at prices ranging roughly between NOK 171 and NOK 176 per share. Including these latest transactions, the company has now bought back a total of 1,330,000 shares under the program, corresponding to a transaction value of NOK 235.4 million.

Following the latest purchases, Storebrand holds 12,797,446 of its own shares, representing 2.94% of the company’s share capital, consolidating its ability to manage capital structure and potentially enhance shareholder value. The buyback activity, conducted under disclosure rules of the EU Market Abuse Regulation and Norwegian securities law, underscores Storebrand’s ongoing capital management strategy in the Nordic financial sector.

The most recent analyst rating on (GB:0NO0) stock is a Sell with a NOK150.00 price target. To see the full list of analyst forecasts on Storebrand ASA stock, see the GB:0NO0 Stock Forecast page.

More about Storebrand ASA

Storebrand ASA is a Nordic financial group headquartered in Lysaker outside Oslo, listed on the Oslo Børs under the ticker STB. The company provides financial security solutions to individuals and corporate clients, with a strong focus on sustainable savings, insurance, and pension products across the Nordic market, managing NOK 1,609 billion for about 61,000 corporate and 2.6 million personal customers.

YTD Price Performance: 0.35%

Average Trading Volume: 704,665

Current Market Cap: NOK75.15B

Learn more about 0NO0 stock on TipRanks’ Stock Analysis page.