RSA Insurance Group (LON:RSA) Earns Hold Rating from Deutsche Bank
Deutsche Bank reiterated their hold rating on shares of RSA Insurance Group (LON:RSA) in a research note published on Monday, ThisIsMoney.Co.Uk reports.
RSA has been the subject of a number of other reports. Bank of America reduced their price objective on shares of RSA Insurance Group from GBX 605 ($7.96) to GBX 590 ($7.76) and set a buy rating for the company in a research note on Thursday, December 12th. Jefferies Financial Group reiterated a buy rating on shares of RSA Insurance Group in a research note on Tuesday, March 3rd. UBS Group reiterated a buy rating on shares of RSA Insurance Group in a research note on Friday, February 21st. Royal Bank of Canada reissued an outperform rating on shares of RSA Insurance Group in a report on Friday, March 20th. Finally, Barclays restated an overweight rating on shares of RSA Insurance Group in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of GBX 612.91 ($8.06).
Shares of RSA opened at GBX 424.40 ($5.58) on Monday. RSA Insurance Group has a 52-week low of GBX 431.90 ($5.68) and a 52-week high of GBX 736.84 ($9.69). The stock’s 50-day simple moving average is GBX 499.21 and its 200 day simple moving average is GBX 531.42. The company has a debt-to-equity ratio of 27.11, a quick ratio of 1.12 and a current ratio of 1.34. The stock has a market capitalization of $4.32 billion and a price-to-earnings ratio of 13.06.
The business also recently disclosed a dividend, which will be paid on Thursday, May 14th. Investors of record on Thursday, March 5th will be given a GBX 15.60 ($0.21) dividend. This represents a dividend yield of 2.86%. This is a boost from RSA Insurance Group’s previous dividend of $7.50. The ex-dividend date of this dividend is Thursday, March 5th. RSA Insurance Group’s dividend payout ratio is 0.95%.
In related news, insider Sonia Baxendale bought 2,000 shares of the company’s stock in a transaction on Thursday, March 5th. The stock was acquired at an average cost of GBX 671 ($8.83) per share, for a total transaction of £13,420 ($17,653.25).
About RSA Insurance Group
RSA Insurance Group plc, together with its subsidiaries, provides personal and commercial general insurance products. It operates through Scandinavia, Canada, and UK & International segments. The company offers a range of personal insurance products, including home, car, pet, and travel insurance products directly to its customers, as well as through brokers and agents.
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