Insider Selling: Man Group PLC (EMG) Insider Sells 202,871 Shares of Stock

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Man Group PLC (LON:EMG) insider Jonathan Sorrell sold 202,871 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of GBX 136 ($1.78), for a total value of £275,904.56 ($360,518.18).

Shares of LON EMG opened at GBX 138 ($1.80) on Friday. The company has a current ratio of 3.42, a quick ratio of 2.95 and a debt-to-equity ratio of 9.42. Man Group PLC has a fifty-two week low of GBX 124.15 ($1.62) and a fifty-two week high of GBX 197.35 ($2.58). The stock has a market cap of $2.10 billion and a PE ratio of 8.12.

The firm also recently announced a dividend, which will be paid on Friday, May 17th. Stockholders of record on Thursday, April 4th will be given a dividend of GBX 4.06 ($0.05) per share. This represents a dividend yield of 3.02%. The ex-dividend date is Thursday, April 4th. Man Group’s dividend payout ratio (DPR) is presently 0.47%.

Several equities research analysts have recently weighed in on EMG shares. JPMorgan Chase & Co. lowered Man Group to a “neutral” rating and cut their target price for the stock from GBX 170 ($2.22) to GBX 165 ($2.16) in a research report on Monday, January 21st. Credit Suisse Group cut their target price on Man Group from GBX 200 ($2.61) to GBX 175 ($2.29) and set an “outperform” rating on the stock in a research report on Wednesday, December 5th. Finally, Shore Capital reissued a “buy” rating on shares of Man Group in a research report on Friday, March 1st. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Man Group presently has an average rating of “Buy” and a consensus price target of GBX 184.43 ($2.41).

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About Man Group

Man Group plc provides alternative investment management services worldwide. The company offers a range of liquid investment products and solutions, which include quantitative and discretionary, long only and long short, and single and multi-manager. It distributes its products and solutions directly to institutions; and to private investors through a network of intermediaries.

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