RSA Insurance Group plc (RSA) Trading Up 1.2% After Analyst Upgrade
Shares of RSA Insurance Group plc (LON:RSA) were up 1.2% during mid-day trading on Monday after Barclays PLC raised their price target on the stock from GBX 655 to GBX 663. Barclays PLC currently has an overweight rating on the stock. RSA Insurance Group plc traded as high as GBX 647 ($8.36) and last traded at GBX 643.50 ($8.31). Approximately 1,216,947 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 2,444,510 shares. The stock had previously closed at GBX 636 ($8.21).
Several other brokerages also recently issued reports on RSA. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 720 ($9.30) price target on shares of RSA Insurance Group plc in a report on Thursday, August 3rd. Shore Capital reiterated a “sell” rating on shares of RSA Insurance Group plc in a report on Tuesday, August 8th. Macquarie reiterated an “underperform” rating and issued a GBX 489 ($6.32) price target on shares of RSA Insurance Group plc in a report on Thursday, August 3rd. HSBC Holdings plc upped their price objective on shares of RSA Insurance Group plc from GBX 695 ($8.98) to GBX 715 ($9.23) and gave the company a “buy” rating in a research report on Tuesday, June 13th. Finally, Deutsche Bank AG upped their price objective on shares of RSA Insurance Group plc from GBX 570 ($7.36) to GBX 620 ($8.01) and gave the company a “hold” rating in a research report on Friday, July 21st. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. RSA Insurance Group plc currently has a consensus rating of “Hold” and a consensus price target of GBX 623.85 ($8.06).
In related news, insider Isabel Hudson purchased 1,009 shares of RSA Insurance Group plc stock in a transaction dated Monday, August 14th. The shares were acquired at an average price of GBX 650 ($8.39) per share, with a total value of £6,558.50 ($8,470.23).
The company’s market cap is GBX 6.57 billion. The company has a 50-day moving average of GBX 652.19 and a 200 day moving average of GBX 619.22.
RSA Insurance Group plc (LON:RSA) last announced its earnings results on Wednesday, August 2nd. The insurance provider reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.02. RSA Insurance Group plc had a net margin of 5.89% and a return on equity of 9.79%. Equities analysts forecast that RSA Insurance Group plc will post $43.12 EPS for the current fiscal year.
The business also recently announced a dividend, which will be paid on Friday, October 13th. Shareholders of record on Thursday, September 7th will be paid a GBX 6.60 ($0.09) dividend. This represents a dividend yield of 1.02%. The ex-dividend date is Thursday, September 7th.
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About RSA Insurance Group plc
RSA Insurance Group plc is an international general insurer. The Company provides personal, commercial and specialty insurance products and services direct-to-customers. Its segments include Scandinavia, Canada, UK & Ireland, Central Functions and non-core. Its segments are based on geography and all are engaged in providing personal and commercial general insurance services.
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