Business · Companies · 2 hrs ago
BNK Keeps Buy Rating on Samsung Fire & Marine, Citing Shareholder Returns
BNK Investment & Securities maintained its Buy rating on Samsung Fire & Marine on Oct.
23.
The brokerage also kept its 720,000-won target price, compared with the insurer’s previous close of 608,000 won.
It said strong shareholder returns and Samsung Electronics stake value make the insurer attractive as a defensive investment and a dividend stock.
The brokerage also cited the possibility of special dividends.
It forecast third-quarter net income of 506.9 billion won for shareholders of the parent company, up 5.3% from a year earlier.
The figures are forecasts, and the available information gives no further details about when the company may pay any special dividend.
BNK Investment & Securities maintained its Buy rating and 720,000-won target price for Samsung Fire & Marine.
The brokerage said the insurer was attractive as a defensive or dividend stock, citing shareholder returns, its stake in Samsung Electronics and special dividends.
Samsung Fire & Marine’s previous closing price was 608,000 won.
BNK forecast third-quarter net income attributable to controlling shareholders of 506.9 billion won, up 5.3% from a year earlier.
- Who
- BNK Investment & Securities and Samsung Fire & Marine.
- What
- BNK maintained its Buy rating and 720,000-won target price for the insurer.
- When
- October 23, 2026.
- Where
- Not stated.
- Why
- BNK cited shareholder returns, the value of Samsung Fire & Marine’s stake in Samsung Electronics and special dividends.
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- Rating
- Buy, maintained by BNK Investment & Securities
- Target price
- 720,000 won
- Previous closing price
- 608,000 won
- Forecast third-quarter net income
- 506.9 billion won attributable to controlling shareholders
- Year-on-year earnings forecast
- Up 5.3%
What people are saying
Samsung Fire & Marine is attractive as a defensive stock or dividend stock, considering high shareholder returns, the value of its stake in Samsung Electronics, and special dividends.