Admiral Group plc (LON:ADM) to Issue Dividend of GBX 63
Admiral Group plc (LON:ADM) declared a dividend on Wednesday, August 14th. Investors of record on Thursday, September 5th will be paid a dividend of GBX 63 ($0.82) per share on Friday, October 4th. This represents a dividend yield of 2.98%. The ex-dividend date of this dividend is Thursday, September 5th. The official announcement can be accessed at this link.
Shares of Admiral Group stock opened at GBX 2,110 ($27.57) on Wednesday. The company has a debt-to-equity ratio of 57.61, a current ratio of 1.67 and a quick ratio of 1.16. Admiral Group has a 1 year low of GBX 1,901 ($24.84) and a 1 year high of GBX 2,300 ($30.05). The firm has a market cap of $6.08 billion and a P/E ratio of 15.42. The stock’s 50 day moving average is GBX 2,205.96.
Several research analysts recently issued reports on the company. Barclays upgraded Admiral Group to an “overweight” rating and lifted their price objective for the stock from GBX 2,041 ($26.67) to GBX 2,300 ($30.05) in a research report on Monday, June 24th. JPMorgan Chase & Co. lifted their price objective on Admiral Group from GBX 1,900 ($24.83) to GBX 1,950 ($25.48) and gave the stock an “underweight” rating in a research report on Wednesday, July 24th. Berenberg Bank lifted their price objective on Admiral Group from GBX 1,849 ($24.16) to GBX 1,943 ($25.39) and gave the stock a “sell” rating in a research report on Monday, July 15th. Morgan Stanley restated an “equal weight” rating on shares of Admiral Group in a research report on Wednesday, June 19th. Finally, Peel Hunt restated a “hold” rating on shares of Admiral Group in a research report on Wednesday. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of GBX 2,084.40 ($27.24).
Admiral Group plc provides car insurance products primarily in the United Kingdom, Spain, Italy, France, and the United States. The company operates through four segments: UK Insurance, International Car Insurance, Price Comparison, and Other. It underwrites car insurance and other insurance products; offers van insurance and associated products primarily to small businesses, as well as general insurance products; and provides household insurance, and commercial vehicle insurance broking services.
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