Chesnara (LON:CSN) Stock Passes Above Two Hundred Day Moving Average of $261.20

Chesnara plc (LON:CSN) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 261.20 ($3.25) and traded as high as GBX 266.70 ($3.32). Chesnara shares last traded at GBX 260 ($3.24), with a volume of 75,632 shares trading hands.

Chesnara Stock Performance

The company has a quick ratio of 38.06, a current ratio of 2.38 and a debt-to-equity ratio of 58.24. The firm has a fifty day moving average of GBX 260.41 and a 200-day moving average of GBX 261.10. The stock has a market capitalization of £387.68 million, a price-to-earnings ratio of -755.88 and a beta of 0.39.

Chesnara Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Thursday, April 11th will be issued a dividend of GBX 15.61 ($0.19) per share. The ex-dividend date is Thursday, April 11th. This is a positive change from Chesnara’s previous dividend of $8.36. This represents a dividend yield of 5.96%. Chesnara’s dividend payout ratio is -7,058.82%.

Insider Activity at Chesnara

In related news, insider Carol Hagh bought 10,000 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were purchased at an average cost of GBX 268 ($3.34) per share, with a total value of £26,800 ($33,362.38). Insiders own 5.17% of the company’s stock.

Chesnara Company Profile

Chesnara plc, together with its subsidiaries, operates in life assurance and pension businesses primarily in the United Kingdom, the Netherlands, and Sweden. It operates through UK, Movestic, Waard Group, and Scildon segments. The company underwrites life risks, such as death, disability, health, and accident; and provides a portfolio of investment contracts for the savings and retirement needs of customers through asset management, as well as general insurance products.