Admiral Group (LON:ADM) Stock Price Crosses Above 200 Day Moving Average of $2,662.06

Shares of Admiral Group plc (LON:ADM) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,662.06 ($33.83) and traded as high as GBX 2,744 ($34.88). Admiral Group shares last traded at GBX 2,725 ($34.63), with a volume of 307,910 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 2,961 ($37.63) price objective on shares of Admiral Group in a research note on Monday, March 4th.

Admiral Group Trading Up 0.7 %

The company has a 50 day moving average of GBX 2,733.04 and a 200 day moving average of GBX 2,662.06. The firm has a market cap of £8.08 billion, a P/E ratio of 2,454.95, a PEG ratio of 2.04 and a beta of 0.20. 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 announced a dividend, which will be paid on Friday, June 7th. Investors of record on Thursday, May 9th will be paid a GBX 52 ($0.66) dividend. The ex-dividend date is Thursday, May 9th. This is a positive change from Admiral Group’s previous dividend of $51.00. This represents a yield of 1.95%. Admiral Group’s dividend payout ratio (DPR) 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.