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Insider Buying: Chesnara (LON:CSN) Insider Buys £49,700.70 in Stock

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Key Points

  • Insider confidence: Chesnara insider Tom Howard purchased 14,490 shares at GBX 343 each, investing approximately £49,700.70.
  • Acquisition-driven growth: The HSBC Life acquisition increased assets under administration by 38% and helped boost first-half profits, while operating capital generation rose 79% to nearly £100 million. Chesnara also increased its dividend, though investors will monitor the integration and performance of future acquisitions.
  • Positive analyst view: Berenberg raised its price target from GBX 404 to GBX 437 and maintained a “Buy” rating; the stock’s consensus price target is GBX 398.50.
  • MarketBeat previews the top five stocks to own by October 1st.

Chesnara plc (LON:CSN - Get Free Report) insider Tom Howard acquired 14,490 shares of Chesnara stock in a transaction dated Tuesday, August 25th. The shares were bought at an average price of GBX 343 per share, with a total value of £49,700.70.

Chesnara Trading Up 2.7%

LON CSN opened at GBX 348.50 on Wednesday. The company has a debt-to-equity ratio of 49.41, a current ratio of 2.92 and a quick ratio of 38.06. The firm's fifty day moving average price is GBX 335.21 and its 200 day moving average price is GBX 319.55. The company has a market capitalization of £804.00 million, a price-to-earnings ratio of -69.01 and a beta of 0.52. Chesnara plc has a 12 month low of GBX 264.58 and a 12 month high of GBX 352.50.

Chesnara (LON:CSN - Get Free Report) last announced its quarterly earnings results on Tuesday, August 25th. The company reported GBX 0.22 earnings per share for the quarter. Chesnara had a negative net margin of 1.01% and a negative return on equity of 2.93%. On average, sell-side analysts expect that Chesnara plc will post 25.3183154 earnings per share for the current fiscal year.

Key Headlines Impacting Chesnara

Here are the key news stories impacting Chesnara this week:

Analyst Ratings Changes

Separately, Berenberg Bank lifted their price target on Chesnara from GBX 404 to GBX 437 and gave the stock a "buy" rating in a research report on Wednesday. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of GBX 398.50.

Get Our Latest Research Report on Chesnara

Chesnara Company Profile

(Get Free Report)

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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