Admiral Group (LON:ADM) Hits New 52-Week Low – Should You Sell?

Admiral Group plc (LON:ADM)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 2,472 ($31.81) and last traded at GBX 2,478 ($31.89), with a volume of 635731 shares trading hands. The stock had previously closed at GBX 2,528 ($32.53).

Admiral Group Stock Down 2.1 %

The firm has a 50-day moving average price of GBX 2,752.57 and a 200 day moving average price of GBX 2,711.90. The company has a market cap of £7.34 billion, a price-to-earnings ratio of 1,929.77, a P/E/G ratio of 1.69 and a beta of 0.18. The company has a debt-to-equity ratio of 114.95, a current ratio of 0.56 and a quick ratio of 0.42.

Admiral Group Increases Dividend

The business also recently declared a dividend, which was paid on Friday, October 4th. Investors of record on Thursday, September 5th were paid a GBX 71 ($0.91) dividend. This represents a yield of 2.53%. The ex-dividend date of this dividend was Thursday, September 5th. This is an increase from Admiral Group’s previous dividend of $52.00. Admiral Group’s payout ratio is 6,641.22%.

Insider Transactions at Admiral Group

In other Admiral Group news, insider Geraint Jones bought 208 shares of Admiral Group stock in a transaction on Monday, October 7th. The shares were purchased at an average price of GBX 2,791 ($35.92) per share, with a total value of £5,805.28 ($7,470.44). In other news, insider Milena Mondini de Focatiis sold 18,510 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of GBX 2,810 ($36.16), for a total value of £520,131 ($669,323.12). Also, insider Geraint Jones bought 208 shares of Admiral Group stock in a transaction on Monday, October 7th. The shares were acquired at an average cost of GBX 2,791 ($35.92) per share, for a total transaction of £5,805.28 ($7,470.44). In the last 90 days, insiders bought 4,299 shares of company stock valued at $12,901,504. Company insiders own 18.30% of the company’s stock.

About Admiral Group

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