Admiral Group (LON:ADM) Reaches New 52-Week High - Should You Buy?

Key Points

• Admiral Group plc has reached a new 52-week high, trading at GBX 3,472 ($46.10) on Monday, with a market capitalization of £10.58 billion.
• Analyst ratings have shifted, with JPMorgan raising the price target to GBX 3,050 ($40.50) and Berenberg Bank increasing it from GBX 3,550 ($47.14) to GBX 3,850 ($51.12) while maintaining a "buy" rating.
• Insider Michael Brierley purchased 28 shares at GBX 3,272 ($43.45) in July, indicating confidence from within the company, where insiders currently hold 18.30% of the equity.

Admiral Group plc (LON:ADM - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as GBX 3,472 ($46.10) and last traded at GBX 3,460 ($45.94), with a volume of 353145 shares. The stock had previously closed at GBX 3,424 ($45.47).

Analyst Ratings Changes

Several research firms recently weighed in on ADM. JPMorgan Chase & Co. boosted their price objective on Admiral Group from GBX 2,700 ($35.85) to GBX 3,050 ($40.50) and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Citigroup upped their price target on Admiral Group to GBX 260 ($3.45) and gave the company a "neutral" rating in a report on Tuesday, July 29th. Finally, Berenberg Bank upped their price target on Admiral Group from GBX 3,550 ($47.14) to GBX 3,850 ($51.12) and gave the company a "buy" rating in a report on Tuesday, July 22nd.

Admiral Group Stock Performance

The firm has a market capitalization of £10.58 billion, a P/E ratio of 26.40, a price-to-earnings-growth ratio of 1.69 and a beta of 0.18. The stock has a 50-day moving average of GBX 3,323.90 and a 200 day moving average of GBX 3,104.28. The company has a debt-to-equity ratio of 115.01, a quick ratio of 0.42 and a current ratio of 7.57.

Insider Buying and Selling

In other Admiral Group news, insider Michael Brierley purchased 28 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The shares were acquired at an average cost of GBX 3,272 ($43.45) per share, for a total transaction of £916.16 ($1,216.52). 18.30% of the stock is currently owned by company insiders.

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.

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