Chesnara (LON:CSN) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Chesnara plc (LON:CSN)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 261.41 ($3.49) and traded as high as GBX 281.50 ($3.76). Chesnara shares last traded at GBX 281.50 ($3.76), with a volume of 147,020 shares traded.

Chesnara Price Performance

The firm has a market capitalization of £426.42 million, a P/E ratio of 102.21 and a beta of 0.44. The business’s fifty day moving average is GBX 264.28 and its 200 day moving average is GBX 261.41. The company has a current ratio of 2.55, a quick ratio of 38.06 and a debt-to-equity ratio of 62.42.

Chesnara (LON:CSN) last released its earnings results on Friday, March 28th. The company reported GBX 2.56 ($0.03) EPS for the quarter. Chesnara had a net margin of 1.02% and a return on equity of 1.21%. As a group, analysts forecast that Chesnara plc will post 25.3183154 EPS for the current year.

Chesnara Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, April 14th. Investors of record on Thursday, April 10th were paid a dividend of GBX 23.95 ($0.32) per share. The ex-dividend date of this dividend was Thursday, April 10th. This is a positive change from Chesnara’s previous dividend of $8.61. This represents a yield of 4.24%. Chesnara’s dividend payout ratio is currently 875.33%.

Insider Activity at Chesnara

In other news, insider Steve Murray purchased 11,012 shares of the business’s stock in a transaction dated Friday, March 28th. The shares were acquired at an average price of GBX 272 ($3.63) per share, for a total transaction of £29,952.64 ($40,006.20). Company insiders own 5.47% of the company’s stock.

Chesnara Company Profile

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.