Admiral Group plc (LON:ADM) to Issue Dividend Increase – GBX 66 Per Share

Admiral Group plc (LON:ADM) declared a dividend on Thursday, March 7th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, May 9th will be given a dividend of GBX 66 ($0.86) per share on Friday, May 31st. This represents a dividend yield of 3.01%. The ex-dividend date is Thursday, May 9th. This is an increase from Admiral Group’s previous dividend of $60.00. The official announcement can be viewed at this link.

Shares of Admiral Group stock traded up GBX 23 ($0.30) during trading hours on Thursday, reaching GBX 2,072 ($27.07). The company’s stock had a trading volume of 337,156 shares, compared to its average volume of 850,550. Admiral Group has a one year low of GBX 1,857 ($24.26) and a one year high of GBX 2,290 ($29.92). The firm has a market capitalization of $5.53 billion and a price-to-earnings ratio of 15.15. The company has a current ratio of 1.67, a quick ratio of 1.16 and a debt-to-equity ratio of 57.61.

ADM has been the topic of a number of recent analyst reports. Goldman Sachs Group dropped their price target on shares of Admiral Group from GBX 2,440 ($31.88) to GBX 2,410 ($31.49) and set a “buy” rating on the stock in a research report on Thursday, March 21st. Shore Capital reissued a “sell” rating on shares of Admiral Group in a research report on Thursday, March 7th. Deutsche Bank reissued a “hold” rating on shares of Admiral Group in a research report on Monday, May 13th. UBS Group reissued a “neutral” rating on shares of Admiral Group in a research report on Friday, March 8th. Finally, Peel Hunt restated a “hold” rating on shares of Admiral Group in a report on Thursday, March 7th. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Admiral Group currently has an average rating of “Hold” and an average price target of GBX 2,070.67 ($27.06).

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

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About Admiral Group

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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Dividend History for Admiral Group (LON:ADM)

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