Admiral Group plc (ADM) Announces Dividend of GBX 56
Admiral Group plc (LON:ADM) announced a dividend on Wednesday, August 16th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, September 7th will be paid a dividend of GBX 56 ($0.73) per share on Friday, October 6th. This represents a dividend yield of 2.74%. The ex-dividend date is Thursday, September 7th. This is a positive change from Admiral Group plc’s previous dividend of $51.50. The official announcement can be accessed at this link.
Shares of Admiral Group plc (ADM) traded down 2.30% during mid-day trading on Thursday, hitting GBX 2000.00. 1,412,517 shares of the stock traded hands. The company’s 50 day moving average is GBX 2,064.24 and its 200 day moving average is GBX 1,995.90. Admiral Group plc has a one year low of GBX 1,680.00 and a one year high of GBX 2,184.00. The firm’s market capitalization is GBX 5.35 billion.
In other news, insider David Stevens sold 225,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of GBX 2,032 ($26.38), for a total value of £4,572,000 ($5,935,349.86).
ADM has been the topic of a number of analyst reports. Peel Hunt reiterated a “hold” rating and set a GBX 1,751 ($22.73) price objective on shares of Admiral Group plc in a research note on Wednesday, May 3rd. HSBC Holdings plc reiterated a “hold” rating and set a GBX 2,100 ($27.26) price objective on shares of Admiral Group plc in a research note on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a GBX 2,075 ($26.94) price objective on shares of Admiral Group plc in a research note on Tuesday, July 4th. Shore Capital reiterated a “sell” rating on shares of Admiral Group plc in a research note on Wednesday, May 3rd. Finally, Deutsche Bank AG increased their price objective on shares of Admiral Group plc from GBX 1,760 ($22.85) to GBX 1,845 ($23.95) and gave the stock a “sell” rating in a research note on Friday, June 23rd. Six equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 1,904.42 ($24.72).
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Admiral Group plc Company Profile
Admiral Group plc is a United Kingdom-based company engaged in the provision of car insurance. The Company has four segments: UK Car Insurance, International Car Insurance, Price Comparison and Other. The UK Car Insurance segment consists of the underwriting of car insurance and other products that supplement the car insurance policy within the United Kingdom.
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