Man Group (LON:EMG) Hits New 12-Month Low – Time to Sell?

Man Group Plc (LON:EMG)’s stock price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 154.69 ($2.06) and last traded at GBX 155.20 ($2.06), with a volume of 2482702 shares. The stock had previously closed at GBX 159.20 ($2.12).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered their target price on Man Group from GBX 247 ($3.28) to GBX 242 ($3.22) and set an “overweight” rating for the company in a research report on Thursday, March 20th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Man Group currently has an average rating of “Moderate Buy” and an average target price of GBX 281.67 ($3.75).

Man Group Trading Down 2.0 %

The stock has a fifty day moving average price of GBX 196.21 and a 200 day moving average price of GBX 204.30. The stock has a market cap of £2.25 billion, a PE ratio of 7.36, a PEG ratio of -1.15 and a beta of 0.71. The company has a debt-to-equity ratio of 27.76, a quick ratio of 1.58 and a current ratio of 0.99.

Man Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 2nd. Shareholders of record on Thursday, April 17th will be given a dividend of $0.15 per share. This is a boost from Man Group’s previous dividend of $0.12. The ex-dividend date is Thursday, April 17th. This represents a yield of 4.67%. Man Group’s payout ratio is 61.33%.

Insider Transactions at Man Group

In other Man Group news, insider Robyn Grew sold 299,898 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of GBX 210 ($2.79), for a total value of £629,785.80 ($837,369.76). Also, insider Dixit Joshi purchased 46,051 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was bought at an average price of GBX 217 ($2.89) per share, for a total transaction of £99,930.67 ($132,868.86). Company insiders own 0.95% of the company’s stock.

About Man Group

With a heritage in aiming to deliver attractive performance and tailored client solutions, Man Group is a highly active investment manager, powered by cutting edge investment technology. As a manager of millions of savers’ capital, we have a responsibility as stewards of those investments to create a better, more sustainable future for investors and society.