Man Group (LON:EMG) Sets New 1-Year Low - Should You Sell?

Shares of Man Group Plc (LON:EMG - Get Free Report) reached a new 52-week low on Thursday . The stock traded as low as GBX 154.69 ($2.07) and last traded at GBX 155.20 ($2.08), with a volume of 2482702 shares trading hands. The stock had previously closed at GBX 159.20 ($2.13).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. dropped their price objective on shares of Man Group from GBX 247 ($3.31) to GBX 242 ($3.24) and set an "overweight" rating on the stock in a research note on Thursday, March 20th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of GBX 278 ($3.72).

Man Group Stock Performance

The company has a debt-to-equity ratio of 27.76, a quick ratio of 1.58 and a current ratio of 0.99. The company has a market capitalization of £2.28 billion, a price-to-earnings ratio of 7.43, a P/E/G ratio of -1.15 and a beta of 0.71. The stock's 50-day moving average price is GBX 195.14 and its 200-day moving average price is GBX 203.64.

Man Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 2nd. Stockholders of record on Thursday, April 17th will be given a dividend of $0.15 per share. This represents a dividend yield of 4.67%. This is a boost from Man Group's previous dividend of $0.12. The ex-dividend date of this dividend is Thursday, April 17th. Man Group's dividend payout ratio is presently 61.33%.

Insider Buying and Selling at Man Group

In other news, insider Dixit Joshi acquired 46,051 shares of the business's stock in a transaction dated Thursday, February 27th. The stock was acquired at an average price of GBX 217 ($2.90) per share, for a total transaction of £99,930.67 ($133,722.29). Also, insider Robyn Grew sold 299,898 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of GBX 210 ($2.81), for a total transaction of £629,785.80 ($842,748.29). 0.95% of the stock is owned by corporate insiders.

About Man Group

With a heritage in aiming to deliver attractive performance and tailored client solutions, Man Group is a highly active investment manager, powered by cutting edge investment technology. As a manager of millions of savers' capital, we have a responsibility as stewards of those investments to create a better, more sustainable future for investors and society.