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).

COPYRIGHT VIOLATION NOTICE: This article was published by Rockland Register and is owned by of Rockland Register. If you are reading this article on another website, it was stolen and reposted in violation of international trademark and copyright laws. The correct version of this article can be accessed at https://rocklandregister.com/2019/05/30/admiral-group-plc-adm-to-go-ex-dividend-on-may-9th.html.

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.

Read More: What is a Call Option?

Dividend History for Admiral Group (LON:ADM)

Receive News & Ratings for Admiral Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Admiral Group and related companies with MarketBeat.com's FREE daily email newsletter.