Admiral Group (LON:ADM) Share Price Crosses Above 200-Day Moving Average of $2,574.94

Admiral Group plc (LON:ADM) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,574.94 ($32.54) and traded as high as GBX 2,844 ($35.94). Admiral Group shares last traded at GBX 2,829 ($35.75), with a volume of 276,671 shares.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ADM. Berenberg Bank restated a “hold” rating and set a GBX 2,961 ($37.42) price target on shares of Admiral Group in a research report on Monday, March 4th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Admiral Group from GBX 2,130 ($26.92) to GBX 2,280 ($28.81) and gave the stock a “hold” rating in a report on Wednesday, November 29th.

Admiral Group Price Performance

The firm’s 50 day moving average price is GBX 2,610.24 and its two-hundred day moving average price is GBX 2,574.94. The company has a debt-to-equity ratio of 121.98, a current ratio of 16.08 and a quick ratio of 0.42. The stock has a market cap of £8.67 billion, a PE ratio of 2,338.02, a P/E/G ratio of 2.50 and a beta of 0.19.

Admiral Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, June 7th. Investors of record on Thursday, May 9th will be issued a GBX 52 ($0.66) dividend. The ex-dividend date is Thursday, May 9th. This is an increase from Admiral Group’s previous dividend of $51.00. This represents a yield of 1.95%. Admiral Group’s dividend payout ratio (DPR) is 6,033.06%.

About Admiral Group

Admiral Group plc, a financial services company, provides motor, household, travel, and pet insurance, as well as personal lending products worldwide. It operates through UK Insurance, International Insurance, Admiral Money, and Other segments. The company provides underwriting services, which includes motor, household, pet, and travel insurance, as well as car and home insurance; and provides unsecured personal loans and car finance products primarily in the United Kingdom.