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(Photo= Yonhap news) |
[Alpha Biz= Reporter Kim Minyoung] Hana Securities raised its target price of Samsung Fire & Marine Insurance from 350,000 won to 380,000 won on the 16th. It is an upward trend after offering 280,000 won in February 2022. The closing price on the 14th is 336,500 won.
"We have resolved the absence of capital policy, which was a discount factor in the stock price, by suggesting the direction of future capital policy," Hana Securities said. "Under the plan to expand the shareholder return ratio, we have raised the annual DPS estimate to 20,000 won from the previous 18,000 won. It was 16,000 won in 2023."
Samsung Fire & Marine Insurance's net profit for controlling shareholders in the first quarter is 701 billion won, up 14 percent from a year earlier. It's above market expectations.
Insurance profits and investment profits rose 3% and 23% year-on-year to 603.8 billion won and 293 billion won, respectively. As of the end of the first quarter, the estimated K-ICS ratio was 277.4%, up 4.4%p from the end of last year.
Alphabiz Kim Minyoung (kimmy@alphabiz.co.kr)
