RSA Insurance Group plc (RSA) Trading Down 1.7%
RSA Insurance Group plc (LON:RSA)’s share price dropped 1.7% during trading on Thursday . The stock traded as low as GBX 632 ($8.16) and last traded at GBX 632.50 ($8.17). Approximately 2,155,053 shares were traded during mid-day trading, a decline of 13% from the average daily volume of 2,463,740 shares. The stock had previously closed at GBX 643.50 ($8.31).
RSA has been the subject of several research analyst reports. HSBC Holdings plc increased 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. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a GBX 685 ($8.85) price objective on shares of RSA Insurance Group plc in a research report on Tuesday, July 4th. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 630 ($8.14) price objective on shares of RSA Insurance Group plc in a research report on Thursday, July 20th. Credit Suisse Group increased their price objective on shares of RSA Insurance Group plc from GBX 690 ($8.91) to GBX 710 ($9.17) and gave the company an “outperform” rating in a research report on Wednesday, July 12th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 570 ($7.36) price objective on shares of RSA Insurance Group plc in a research report on Tuesday, May 30th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 626.15 ($8.09).
The stock’s 50-day moving average price is GBX 651.34 and its 200 day moving average price is GBX 620.90. The firm’s market cap is GBX 6.33 billion.
The firm also recently disclosed a dividend, which will be paid on Friday, October 13th. Investors of record on Thursday, September 7th will be issued a dividend of GBX 6.60 ($0.09) per share. This represents a yield of 1.02%. The ex-dividend date is Thursday, September 7th.
In other news, insider Isabel Hudson bought 1,133 shares of the stock in a transaction on Tuesday, August 15th. The shares were bought at an average price of GBX 648 ($8.37) per share, with a total value of £7,341.84 ($9,481.91).
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RSA Insurance Group plc Company Profile
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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