Admiral Group plc (LON:ADM) Insider Geraint Jones Sells 7,050 Shares

Admiral Group plc (LON:ADM) insider Geraint Jones sold 7,050 shares of the company’s stock in a transaction on Friday, September 24th. The shares were sold at an average price of GBX 3,432 ($44.84), for a total transaction of £241,956 ($316,117.06).

ADM traded down GBX 98.40 ($1.29) during midday trading on Monday, reaching GBX 3,317.60 ($43.34). 1,104,773 shares of the company’s stock were exchanged, compared to its average volume of 440,326. The business’s 50-day moving average price is GBX 3,494.42 and its 200 day moving average price is GBX 5,246.05. The company has a debt-to-equity ratio of 39.70, a current ratio of 0.90 and a quick ratio of 0.55. The stock has a market capitalization of £9.86 billion and a PE ratio of 9.14. Admiral Group plc has a 1-year low of GBX 2,576 ($33.66) and a 1-year high of GBX 3,706 ($48.42).

The company also recently announced a dividend, which will be paid on Friday, October 1st. Stockholders of record on Thursday, September 2nd will be paid a GBX 161 ($2.10) dividend. The ex-dividend date is Thursday, September 2nd. This is an increase from Admiral Group’s previous dividend of $86.00. This represents a dividend yield of 4.67%. Admiral Group’s dividend payout ratio is 0.32%.

Several research firms recently weighed in on ADM. Peel Hunt restated a “reduce” rating and set a GBX 2,430 ($31.75) price target on shares of Admiral Group in a research report on Monday, July 12th. JPMorgan Chase & Co. dropped their price objective on shares of Admiral Group from GBX 2,730 ($35.67) to GBX 2,710 ($35.41) and set a “neutral” rating for the company in a research note on Monday, September 6th. Barclays upped their price objective on shares of Admiral Group from GBX 2,751 ($35.94) to GBX 3,061 ($39.99) and gave the company an “equal weight” rating in a research note on Friday, September 10th. Royal Bank of Canada increased their price target on shares of Admiral Group from GBX 2,400 ($31.36) to GBX 2,800 ($36.58) and gave the company a “sector perform” rating in a research note on Friday, June 11th. Finally, Shore Capital reissued a “house stock” rating on shares of Admiral Group in a research note on Wednesday, August 11th. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat, Admiral Group presently has an average rating of “Hold” and a consensus price target of GBX 2,641.29 ($34.51).

About Admiral Group

Admiral Group plc provides car insurance products primarily in the United Kingdom, Spain, Italy, France, India, and the United States. The company operates through UK Insurance, International Insurance, Admiral Loans, and Other segments. It underwrites car, van, household, and travel insurance. The company operates conte.it, a car insurance website in Italy, as well as provides unsecured personal loans and car finance products.

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