Chesnara (LON:CSN) Shares Pass Above 200 Day Moving Average - Here's Why

Chesnara plc (LON:CSN - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 263.44 ($3.57) and traded as high as GBX 290.50 ($3.94). Chesnara shares last traded at GBX 287 ($3.89), with a volume of 159,318 shares.

Chesnara Stock Up 1.2%

The firm has a 50 day moving average of GBX 267.31 and a 200 day moving average of GBX 263.63. The firm has a market cap of £448.10 million, a price-to-earnings ratio of 107.41 and a beta of 0.44. The company has a quick ratio of 38.06, a current ratio of 2.55 and a debt-to-equity ratio of 62.42.

Chesnara (LON:CSN - Get Free Report) last released its earnings results on Friday, March 28th. The company reported GBX 2.56 ($0.03) EPS for the quarter. Chesnara had a return on equity of 1.21% and a net margin of 1.02%. As a group, sell-side analysts predict that Chesnara plc will post 25.3183154 earnings per share for the current year.

Chesnara Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, April 14th. Shareholders of record on Thursday, April 10th were paid a GBX 23.95 ($0.32) dividend. This represents a yield of 4.24%. The ex-dividend date was Thursday, April 10th. This is a boost from Chesnara's previous dividend of $8.61. Chesnara's dividend payout ratio (DPR) is 875.33%.

Insider Buying and Selling at Chesnara

In other news, insider Steve Murray acquired 11,012 shares of Chesnara stock in a transaction on Friday, March 28th. The stock was purchased at an average price of GBX 272 ($3.69) per share, with a total value of £29,952.64 ($40,591.73). Insiders own 5.47% of the company's stock.

About Chesnara

Chesnara (CSN.L) is a European life and pensions consolidator listed on the London Stock Exchange. It administers approximately one million policies and operates as Countrywide Assured in the UK, as The Waard Group and Scildon in the Netherlands, and as Movestic in Sweden. Following a three-pillar strategy, Chesnara's primary responsibility is the efficient administration of its customers' life and savings policies, ensuring good customer outcomes and providing a secure and compliant environment to protect policyholder interests.