Admiral Group’s (ADM) Hold Rating Reaffirmed at Deutsche Bank

Deutsche Bank restated their hold rating on shares of Admiral Group (LON:ADM) in a research report released on Monday morning, ThisIsMoney.Co.Uk reports.

A number of other equities research analysts also recently weighed in on ADM. Barclays reaffirmed an underweight rating on shares of Admiral Group in a research note on Monday, January 21st. JPMorgan Chase & Co. reaffirmed an underweight rating on shares of Admiral Group in a research note on Tuesday, January 22nd. Goldman Sachs Group raised their price target on Admiral Group from GBX 2,352 ($30.73) to GBX 2,440 ($31.88) and gave the stock a buy rating in a research note on Wednesday, February 27th. Peel Hunt reaffirmed a hold rating on shares of Admiral Group in a research note on Thursday, March 7th. Finally, Shore Capital reaffirmed a sell rating on shares of Admiral Group in a research note on Thursday, March 7th. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of GBX 2,070.67 ($27.06).

Shares of Admiral Group stock opened at GBX 2,120 ($27.70) on Monday. Admiral Group has a 1 year low of GBX 1,857 ($24.26) and a 1 year high of GBX 2,290 ($29.92). The company has a debt-to-equity ratio of 57.61, a current ratio of 1.67 and a quick ratio of 1.16. The stock has a market capitalization of $5.71 billion and a P/E ratio of 15.50.

The company also recently declared a dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 9th will be paid a dividend of GBX 66 ($0.86) per share. The ex-dividend date is Thursday, May 9th. This is an increase from Admiral Group’s previous dividend of $60.00. This represents a dividend yield of 3.01%. Admiral Group’s dividend payout ratio (DPR) is 0.66%.

In other news, insider David Stevens sold 138,000 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of GBX 2,102 ($27.47), for a total transaction of £2,900,760 ($3,790,356.72). Also, insider Michael Brierley acquired 937 shares of the stock in a transaction dated Wednesday, May 1st. The shares were bought at an average cost of GBX 2,214 ($28.93) per share, for a total transaction of £20,745.18 ($27,107.25).

Admiral Group Company Profile

Admiral Group plc provides car insurance products primarily in the United Kingdom, Spain, Italy, France, and the United States. The company operates through four segments: UK Insurance, International Car Insurance, Price Comparison, and Other. It underwrites car insurance and other insurance products; offers van insurance and associated products primarily to small businesses, as well as general insurance products; and provides household insurance, and commercial vehicle insurance broking services.

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Analyst Recommendations for Admiral Group (LON:ADM)

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