M&G plc (LON:MNG) Insider Clive Adamson Acquires 600 Shares

M&G plc (LON:MNG) insider Clive Adamson purchased 600 shares of the business’s stock in a transaction on Tuesday, June 3rd. The shares were bought at an average price of GBX 237 ($3.21) per share, with a total value of £1,422 ($1,927.09).

M&G Price Performance

MNG stock opened at GBX 240.43 ($3.26) on Thursday. The company has a market capitalization of £5.73 billion, a P/E ratio of 34.28, a price-to-earnings-growth ratio of -2.76 and a beta of 1.47. The company has a debt-to-equity ratio of 218.70, a quick ratio of 0.39 and a current ratio of 0.40. M&G plc has a 52-week low of GBX 171.55 ($2.32) and a 52-week high of GBX 243.67 ($3.30). The business has a 50-day simple moving average of GBX 206.83 and a two-hundred day simple moving average of GBX 205.69.

M&G (LON:MNG) last released its quarterly earnings results on Wednesday, March 19th. The company reported GBX (15.10) (($0.20)) earnings per share (EPS) for the quarter. M&G had a net margin of 1.85% and a return on equity of 4.31%. Research analysts expect that M&G plc will post 24.2485207 EPS for the current fiscal year.

M&G Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, April 8th. Stockholders of record on Thursday, April 3rd were paid a GBX 23.50 ($0.32) dividend. This represents a dividend yield of 4.25%. The ex-dividend date of this dividend was Thursday, April 3rd. This is an increase from M&G’s previous dividend of $6.60. M&G’s payout ratio is presently 285.20%.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft cut their price target on M&G from GBX 230 ($3.12) to GBX 225 ($3.05) and set a “hold” rating for the company in a research note on Monday, February 24th.

M&G Company Profile

M&G plc is a leading savings and investments business, managing investments for both individuals and for large institutional investors, such as pension funds, around the world.

We have a single corporate identity, M&G plc, and two customer-facing brands: Prudential and M&G Investments. Prudential offers savings and insurance for customers in the UK and Europe and for asset management in South Africa.