Admiral Group plc (LON:ADM) insider David Stevens sold 225,000 shares of the stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of GBX 2,126 ($27.78), for a total value of £4,783,500 ($6,250,490.00).
Admiral Group stock traded up GBX 29 ($0.38) during midday trading on Friday, reaching GBX 2,144 ($28.02). The company’s stock had a trading volume of 456,681 shares, compared to its average volume of 850,550. Admiral Group plc has a fifty-two week low of GBX 1,901 ($24.84) and a fifty-two week high of GBX 2,300 ($30.05). The company has a quick ratio of 1.16, a current ratio of 1.67 and a debt-to-equity ratio of 57.61. The company has a market cap of $6.15 billion and a P/E ratio of 15.67. The business has a 50-day simple moving average of GBX 2,202.84 and a 200-day simple moving average of GBX 2,161.20.
The firm also recently declared a dividend, which will be paid on Friday, October 4th. Shareholders of record on Thursday, September 5th will be paid a GBX 63 ($0.82) dividend. This represents a yield of 2.98%. The ex-dividend date is Thursday, September 5th. Admiral Group’s dividend payout ratio is presently 0.66%.
Several brokerages have recently issued reports on ADM. Berenberg Bank increased their price objective on Admiral Group from GBX 1,849 ($24.16) to GBX 1,943 ($25.39) and gave the company a “sell” rating in a research note on Monday, July 15th. Royal Bank of Canada reiterated a “sector performer” rating and issued a GBX 2,050 ($26.79) price objective on shares of Admiral Group in a research note on Thursday. Barclays upgraded Admiral Group to an “overweight” rating and increased their price objective for the company from GBX 2,041 ($26.67) to GBX 2,300 ($30.05) in a research note on Monday, June 24th. Shore Capital reiterated a “sell” rating on shares of Admiral Group in a research note on Wednesday. Finally, UBS Group reiterated a “sell” rating on shares of Admiral Group in a research note on Thursday. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Admiral Group presently has a consensus rating of “Hold” and an average target price of GBX 2,080.40 ($27.18).
About Admiral Group
Admiral Group plc provides car insurance products primarily in the United Kingdom, Spain, Italy, France, and the United States. The company operates through four segments: UK Insurance, International Car Insurance, Price Comparison, and Other. It underwrites car insurance and other insurance products; offers van insurance and associated products primarily to small businesses, as well as general insurance products; and provides household insurance, and commercial vehicle insurance broking services.
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