Admiral Group (OTCMKTS:AMIGY) Stock Passes Below 50 Day Moving Average – Should You Sell?

Admiral Group plc (OTCMKTS:AMIGY) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $44.61 and traded as low as $41.71. Admiral Group shares last traded at $42.00, with a volume of 19,721 shares traded.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AMIGY. Royal Bank Of Canada restated an “outperform” rating on shares of Admiral Group in a research report on Thursday, August 21st. Jefferies Financial Group upgraded Admiral Group from a “hold” rating to a “buy” rating in a report on Monday, September 29th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Admiral Group has a consensus rating of “Buy”.

Admiral Group Trading Down 1.9%

The firm has a fifty day simple moving average of $44.61 and a 200 day simple moving average of $45.69.

Admiral Group Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, October 20th. Investors of record on Monday, September 8th were paid a dividend of $0.394 per share. This represents a yield of 628.0%. The ex-dividend date was Friday, September 5th. Admiral Group’s payout ratio is currently 64.83%.

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.