Admiral Group (LON:ADM) Stock Price Crosses Above 200-Day Moving Average of $2,642.71

Admiral Group plc (LON:ADM)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,642.71 ($33.20) and traded as high as GBX 2,774 ($34.85). Admiral Group shares last traded at GBX 2,773 ($34.84), with a volume of 502,259 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “hold” rating and set a GBX 2,961 ($37.20) price target on shares of Admiral Group in a research report on Monday, March 4th.

Admiral Group Trading Down 1.7 %

The company has a debt-to-equity ratio of 121.98, a quick ratio of 0.42 and a current ratio of 16.08. The firm has a market capitalization of £8.08 billion, a PE ratio of 2,498.20, a P/E/G ratio of 2.06 and a beta of 0.20. The stock’s 50-day simple moving average is GBX 2,723.04 and its 200-day simple moving average is GBX 2,642.71.

Admiral Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, June 7th. Investors of record on Thursday, May 9th will be given a dividend of GBX 52 ($0.65) per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a dividend yield of 1.95%. This is a boost from Admiral Group’s previous dividend of $51.00. Admiral Group’s payout ratio is currently 6,576.58%.

Admiral Group Company Profile

Admiral Group plc, a financial services company, provides insurance and personal lending products in the United Kingdom, France, Italy, Spain, and the United States. It operates through four segments: UK Insurance, International Insurance, Admiral Money, and Other. The company offers underwriting services, which includes motor, household, pet, travel, and other insurance, as well as car and home insurance; and unsecured personal loans and car finance products.