Admiral Group (LON:ADM) Shares Pass Above Two Hundred Day Moving Average of $2,630.18

Admiral Group plc (LON:ADM)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 2,630.18 ($33.04) and traded as high as GBX 2,753 ($34.58). Admiral Group shares last traded at GBX 2,729 ($34.28), with a volume of 361,961 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “hold” rating and issued a GBX 2,961 ($37.19) target price on shares of Admiral Group in a report on Monday, March 4th.

Admiral Group Trading Down 0.1 %

The firm has a market cap of £8.09 billion, a P/E ratio of 2,458.56, a price-to-earnings-growth ratio of 2.37 and a beta of 0.20. The stock has a fifty day simple moving average of GBX 2,702.60 and a 200 day simple moving average of GBX 2,630.18. The company has a debt-to-equity ratio of 121.98, a quick ratio of 0.42 and a current ratio of 16.08.

Admiral Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, June 7th. Investors of record on Thursday, May 9th will be issued a GBX 52 ($0.65) dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a dividend yield of 1.95%. This is a positive change from Admiral Group’s previous dividend of $51.00. Admiral Group’s payout ratio is presently 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.