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Livforsakringsbolaget Skandia Omsesidigt Boosts Stake in Automatic Data Processing
The Swedish insurance company increased its holdings in the business services provider by nearly 450% in the third quarter.
Mar. 18, 2026 at 9:36am
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Livforsakringsbolaget Skandia Omsesidigt, a Swedish insurance company, raised its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 446.8% during the third quarter, according to a recent SEC filing. The institutional investor now owns 19,459 shares of the business services provider's stock, valued at $5.71 million.
Why it matters
The significant increase in Livforsakringsbolaget Skandia Omsesidigt's stake in Automatic Data Processing suggests the insurance company sees strong growth potential in the business services provider. ADP is a major player in the human capital management and payroll solutions market, which has been growing as companies increasingly rely on cloud-based HR and workforce management tools.
The details
According to the SEC filing, Livforsakringsbolaget Skandia Omsesidigt added 15,900 shares of Automatic Data Processing during the third quarter, bringing its total holdings to 19,459 shares. The insurance company's stake in ADP is now valued at $5.71 million. Other hedge funds have also been making changes to their ADP positions, with some increasing their holdings and others reducing exposure.
- Livforsakringsbolaget Skandia Omsesidigt disclosed the increased stake in Automatic Data Processing in a filing with the SEC during the third quarter of 2026.
The players
Livforsakringsbolaget Skandia Omsesidigt
A Swedish insurance company that has increased its holdings in Automatic Data Processing, Inc.
Automatic Data Processing, Inc.
A global provider of cloud-based human capital management and payroll solutions.
The takeaway
Livforsakringsbolaget Skandia Omsesidigt's significant increase in its stake in Automatic Data Processing suggests the insurance company sees strong growth potential in the business services provider, which is a major player in the expanding cloud-based HR and workforce management solutions market.
