Shares of Admiral Group plc (LON:ADM – Get Free Report) passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of GBX 3,793.65 and traded as high as GBX 3,836. Admiral Group shares last traded at GBX 3,826.75, with a volume of 693,882 shares changing hands.
Analysts Set New Price Targets
Several brokerages have recently weighed in on ADM. Berenberg Bank lowered shares of Admiral Group to a “hold” rating and set a GBX 4,200 target price on the stock. in a research report on Thursday, August 27th. Royal Bank Of Canada upped their target price on shares of Admiral Group from GBX 3,450 to GBX 3,950 and gave the company a “sector perform” rating in a research note on Wednesday, August 12th. Finally, Citigroup increased their price target on shares of Admiral Group from GBX 4,243 to GBX 4,516 and gave the stock a “buy” rating in a research report on Friday, August 7th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Admiral Group currently has a consensus rating of “Hold” and a consensus target price of GBX 3,813.60.
View Our Latest Research Report on Admiral Group
Admiral Group Price Performance
The stock has a fifty day moving average of GBX 3,793.65 and a two-hundred day moving average of GBX 3,416.47. The stock has a market capitalization of £11.58 billion, a price-to-earnings ratio of 17.74, a PEG ratio of 1.69 and a beta of 0.19. The company has a current ratio of 4.99, a quick ratio of 0.42 and a debt-to-equity ratio of 139.06.
Admiral Group announced that its Board of Directors has authorized a stock buyback program on Wednesday, September 30th that permits the company to repurchase £45 million in shares. This buyback authorization permits the company to repurchase up to 0.4% of its stock through open market purchases. Share buyback programs are often an indication that the company’s management believes its shares are undervalued.
Insiders Place Their Bets
In other Admiral Group news, insider Rachel Lewis sold 6,481 shares of the firm’s stock in a transaction dated Monday, September 28th. The stock was sold at an average price of GBX 3,626, for a total transaction of £235,001.06. Also, insider Milena Mondini de Focatiis sold 39,950 shares of the company’s stock in a transaction that occurred on Monday, September 28th. The shares were sold at an average price of GBX 3,626, for a total transaction of £1,448,587. Corporate insiders own 13.71% of the company’s stock.
Admiral Group Company Profile
Admiral Group plc is an established financial services provider offering motor, household, travel and pet insurance, as well as personal lending products, trading in five countries, namely the UK, France, Italy, Spain and the US. Founded in 1993, Admiral has grown to become an established multinational and multi-product insurer and is proud to be Wales’ only FTSE 100 Company. As the leading personal motor insurance provider in the UK, Admiral continues to focus on technology and agility, diversifying the businesses, and progressing with the evolution of motor.
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