Mony Group (LON:MONY) Stock Passes Above 200-Day Moving Average – Here’s Why

Shares of Mony Group Plc (LON:MONY) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 196.78 ($2.56) and traded as high as GBX 202 ($2.62). Mony Group shares last traded at GBX 201.20 ($2.61), with a volume of 803,295 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank increased their target price on Mony Group from GBX 290 ($3.77) to GBX 300 ($3.90) and gave the stock a “buy” rating in a research note on Monday, February 17th.

Mony Group Trading Up 0.2 %

The company has a debt-to-equity ratio of 32.86, a current ratio of 0.82 and a quick ratio of 0.71. The firm has a market cap of £1.07 billion, a PE ratio of 14.08, a price-to-earnings-growth ratio of 1.20 and a beta of 0.67. The company’s 50 day moving average price is GBX 196.69 and its 200 day moving average price is GBX 196.78.

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

Mony Group Increases Dividend

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

Insider Buying and Selling at Mony Group

In other news, insider Rakesh Sharma acquired 5,030 shares of the firm’s stock in a transaction dated Monday, February 17th. The stock was acquired at an average cost of GBX 199 ($2.58) per share, with a total value of £10,009.70 ($12,997.92). Insiders have purchased 5,262 shares of company stock valued at $1,045,894 in the last quarter. Corporate insiders own 9.15% of the company’s stock.

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.