Mony Group (LON:MONY) Hits New 52-Week Low – Here’s What Happened

Shares of Mony Group Plc (LON:MONY) reached a new 52-week low during trading on Monday . The company traded as low as GBX 174 ($2.24) and last traded at GBX 180.66 ($2.33), with a volume of 10405215 shares traded. The stock had previously closed at GBX 189.20 ($2.44).

Wall Street Analyst Weigh In

Separately, Berenberg Bank upped their price target on shares of Mony Group from GBX 290 ($3.74) to GBX 300 ($3.87) and gave the stock a “buy” rating in a research note on Monday, February 17th.

Mony Group Stock Performance

The stock has a market cap of £961.00 million, a price-to-earnings ratio of 12.61, a price-to-earnings-growth ratio of 1.20 and a beta of 0.67. The company’s 50-day simple moving average is GBX 197.01 and its 200-day simple moving average is GBX 196.57. The company has a quick ratio of 0.71, a current ratio of 0.82 and a debt-to-equity ratio of 32.86.

Mony Group (LON:MONY) last announced its earnings results on Monday, February 17th. The company reported GBX 17.10 ($0.22) earnings per share (EPS) for the quarter. Mony Group had a return on equity of 34.74% and a net margin of 17.25%. Analysts predict that Mony Group Plc will post 19.1090909 EPS for the current fiscal year.

Mony Group Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 16th. Shareholders of record on Thursday, April 10th will be issued a GBX 9.20 ($0.12) dividend. This represents a dividend yield of 4.45%. This is a boost from Mony Group’s previous dividend of $3.30. The ex-dividend date is Thursday, April 10th. Mony Group’s dividend payout ratio (DPR) is presently 83.99%.

Insider Activity

In other news, insider Rakesh Sharma bought 5,030 shares of the business’s stock in a transaction on Monday, February 17th. The shares were bought at an average cost of GBX 199 ($2.57) per share, with a total value of £10,009.70 ($12,902.42). Also, insider Peter Duffy sold 53,668 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of GBX 202 ($2.60), for a total value of £108,409.36 ($139,738.80). Insiders have bought 5,262 shares of company stock worth $1,045,894 over the last 90 days. 9.15% of the stock is owned by company insiders.

Mony Group Company Profile

MONY Group PLC is an established member of the FTSE 250 index. The Group operates a tech-led savings platform and leading UK brands including price comparison sites (MoneySuperMarket), cashback (Quidco) and a consumer finance content led brand (MoneySavingExpert). We cover a broad range of verticals including Insurance, Money, Home Services and Travel amongst others.