Chesnara plc (LON:CSN – Get Free Report) insider Steve Murray bought 13,102 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were bought at an average cost of GBX 342 per share, for a total transaction of £44,808.84.
Steve Murray also recently made the following trade(s):
- On Tuesday, August 25th, Steve Murray purchased 1,453 shares of Chesnara stock. The stock was bought at an average price of GBX 342 per share, for a total transaction of £4,969.26.
Chesnara Trading Up 2.7%
Shares of CSN stock opened at GBX 348.50 on Wednesday. Chesnara plc has a 1-year low of GBX 264.58 and a 1-year high of GBX 352.50. The company has a current ratio of 2.92, a quick ratio of 38.06 and a debt-to-equity ratio of 49.41. The stock has a market cap of £804.00 million, a price-to-earnings ratio of -69.01 and a beta of 0.52. The stock has a 50-day moving average of GBX 335.21 and a 200-day moving average of GBX 319.55.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank upped their price objective on shares of Chesnara from GBX 404 to GBX 437 and gave the company a “buy” rating in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of GBX 398.50.
Get Our Latest Stock Report on CSN
Chesnara News Roundup
Here are the key news stories impacting Chesnara this week:
- Positive Sentiment: HSBC Life acquisition lifts scale and profits: Reports say assets under administration increased by 38% following the deal, while first-half profits were boosted by the acquired business. The transaction appears to be contributing meaningfully to Chesnara’s earnings and strategic scale. Chesnara reports 38% boost in AuA after HSBC Life acquisition Chesnara’s H1 profits surge as results boosted by HSBC deal
- Positive Sentiment: Cash generation strengthens materially: Operating capital generation reportedly approached £100 million, including a 79% year-on-year increase. The improvement strengthens Chesnara’s ability to fund dividends, reduce financial pressure and pursue additional acquisitions. Chesnara’s operating capital generation nears £100m following acquisition Chesnara CEO: 79% jump in capital generation fuels acquisition ambitions
- Positive Sentiment: Dividend increased: Chesnara raised its dividend alongside the stronger results and cash generation, reinforcing the income-investment appeal of the stock. Brokers have reportedly backed the acquisition-driven cash-growth outlook. Chesnara Reports Stronger Cash Generation and Raises Dividend Following HSBC Life Acquisition Chesnara shares climb as brokers back acquisition-driven cash growth
- Positive Sentiment: Underlying product demand remains encouraging: Chesnara reported surging demand for UK onshore bonds, suggesting supportive market conditions for a key area of its business. Chesnara reports surging demand for UK onshore bonds
- Neutral Sentiment: Key issue for investors: Management’s ambitions for further acquisitions could support future growth, but investors will likely monitor integration execution and whether additional deals deliver returns comparable with the HSBC Life transaction.
About Chesnara
Chesnara (CSN.L) is a European life and pensions consolidator listed on the London Stock Exchange. It administers approximately one million policies and operates as Countrywide Assured in the UK, as The Waard Group and Scildon in the Netherlands, and as Movestic in Sweden.
Following a three-pillar strategy, Chesnara’s primary responsibility is the efficient administration of its customers’ life and savings policies, ensuring good customer outcomes and providing a secure and compliant environment to protect policyholder interests.
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