Admiral Group (LON:ADM) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Admiral Group plc (LON:ADM)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 2,729.96 ($35.25) and traded as high as GBX 2,952 ($38.11). Admiral Group shares last traded at GBX 2,935 ($37.90), with a volume of 1,563,565 shares changing hands.

Admiral Group Price Performance

The stock has a market capitalization of £8.98 billion, a PE ratio of 22.40, a P/E/G ratio of 1.69 and a beta of 0.18. The firm’s 50 day simple moving average is GBX 2,807.42 and its 200 day simple moving average is GBX 2,729.96. The company has a debt-to-equity ratio of 115.01, a current ratio of 7.57 and a quick ratio of 0.42.

Admiral Group (LON:ADM) last announced its quarterly earnings data on Thursday, March 6th. The company reported GBX 216.60 ($2.80) earnings per share for the quarter. Admiral Group had a return on equity of 38.14% and a net margin of 8.82%. As a group, equities analysts forecast that Admiral Group plc will post 161.0199297 EPS for the current fiscal year.

Admiral Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 15th will be given a GBX 121 ($1.56) dividend. This represents a dividend yield of 4.02%. The ex-dividend date of this dividend is Thursday, May 15th. This is a positive change from Admiral Group’s previous dividend of $71.00. Admiral Group’s payout ratio is currently 66.39%.

About Admiral Group

Admiral Group plc is an established financial services provider offering motor, household, travel and pet insurance, as well as personal lending products, trading in five countries, namely the UK, France, Italy, Spain and the US. Founded in 1993, Admiral has grown to become an established multinational and multi-product insurer and is proud to be Wales’ only FTSE 100 Company.