Admiral Group (OTCMKTS:AMIGY) Shares Down 1.4% – Here’s Why

Admiral Group plc (OTCMKTS:AMIGY) shares dropped 1.4% on Wednesday . The company traded as low as $40.47 and last traded at $40.6550. Approximately 14,380 shares traded hands during trading, a decline of 44% from the average daily volume of 25,898 shares. The stock had previously closed at $41.2234.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AMIGY shares. Jefferies Financial Group raised Admiral Group from a “hold” rating to a “buy” rating in a research note on Monday, September 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Admiral Group in a research report on Wednesday, January 7th. Finally, UBS Group lowered shares of Admiral Group to a “neutral” rating in a research note on Wednesday, December 17th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Admiral Group Trading Down 1.4%

The business has a 50-day simple moving average of $42.45 and a 200-day simple moving average of $44.77.

About Admiral Group

Admiral Group plc is a UK-based specialist insurer founded in 1993 and headquartered in Cardiff, Wales. Since its inception, the company has focused on developing straightforward insurance products sold directly to customers, pioneering the use of online sales and multi-car policies. Admiral’s low-overhead model and emphasis on technology have helped it establish a significant presence in the personal lines insurance market.

The core offering of Admiral Group centers on motor insurance, with additional products including home insurance, travel cover and breakdown assistance.