Admiral Group (OTCMKTS:AMIGY) Shares Up 3.8% – Here’s What Happened

Shares of Admiral Group plc (OTCMKTS:AMIGY) rose 3.8% during trading on Wednesday . The company traded as high as $39.4054 and last traded at $39.08. Approximately 36,182 shares were traded during trading, an increase of 16% from the average daily volume of 31,197 shares. The stock had previously closed at $37.66.

Wall Street Analyst Weigh In

AMIGY has been the topic of several recent research reports. UBS Group downgraded Admiral Group to a “neutral” rating in a research report on Wednesday, December 17th. Royal Bank Of Canada lowered Admiral Group from an “outperform” rating to a “sector perform” rating in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Admiral Group in a report on Wednesday, January 7th. Finally, The Goldman Sachs Group downgraded Admiral Group to a “sell” rating in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Admiral Group Trading Up 3.8%

The stock has a fifty day moving average of $41.36 and a two-hundred day moving average of $44.04.

About Admiral Group

Admiral Group plc is a UK-based specialist insurer founded in 1993 and headquartered in Cardiff, Wales. Since its inception, the company has focused on developing straightforward insurance products sold directly to customers, pioneering the use of online sales and multi-car policies. Admiral’s low-overhead model and emphasis on technology have helped it establish a significant presence in the personal lines insurance market.

The core offering of Admiral Group centers on motor insurance, with additional products including home insurance, travel cover and breakdown assistance.