Admiral Group (LON:ADM) Stock Passes Above 200 Day Moving Average of $2,618.01

Admiral Group plc (LON:ADM) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,618.01 ($32.34) and traded as high as GBX 2,792 ($34.49). Admiral Group shares last traded at GBX 2,779 ($34.33), with a volume of 267,612 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 2,961 ($36.57) target price on shares of Admiral Group in a research report on Monday, March 4th.

Admiral Group Price Performance

The stock’s 50-day simple moving average is GBX 2,685.24 and its 200 day simple moving average is GBX 2,618.01. The company has a quick ratio of 0.42, a current ratio of 16.08 and a debt-to-equity ratio of 121.98. The company has a market cap of £8.28 billion, a price-to-earnings ratio of 2,503.60, a PEG ratio of 2.37 and a beta of 0.20.

Admiral Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, June 7th. Shareholders of record on Thursday, May 9th will be given a GBX 52 ($0.64) dividend. The ex-dividend date is Thursday, May 9th. This represents a yield of 1.95%. This is a boost from Admiral Group’s previous dividend of $51.00. Admiral Group’s dividend payout ratio is presently 6,576.58%.

About Admiral Group

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.