Mony Group (LON:MONY) Shares Cross Above Two Hundred Day Moving Average - Here's What Happened

Shares of Mony Group Plc (LON:MONY - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 194.42 ($2.61) and traded as high as GBX 199.40 ($2.67). Mony Group shares last traded at GBX 197.60 ($2.65), with a volume of 721,154 shares traded.

Analyst Ratings Changes

Separately, Berenberg Bank boosted their price target on shares of Mony Group from GBX 290 ($3.89) to GBX 300 ($4.02) and gave the stock a "buy" rating in a research report on Monday, February 17th.

Mony Group Stock Up 0.7 %

The stock has a market capitalization of £1.08 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 1.20 and a beta of 0.67. The company has a debt-to-equity ratio of 32.86, a current ratio of 0.82 and a quick ratio of 0.71. The business's fifty day moving average price is GBX 197.04 and its two-hundred day moving average price is GBX 194.05.

Mony Group (LON:MONY - Get Free Report) last posted its quarterly earnings results on Monday, February 17th. The company reported GBX 17.10 ($0.23) EPS for the quarter. Mony Group had a net margin of 17.25% and a return on equity of 34.74%. On average, equities research analysts forecast that Mony Group Plc will post 19.1090909 EPS for the current fiscal year.

Mony Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 16th. Shareholders of record on Thursday, April 10th will be given a GBX 9.20 ($0.12) dividend. The ex-dividend date is Thursday, April 10th. This represents a dividend yield of 4.45%. This is an increase from Mony Group's previous dividend of $3.30. Mony Group's dividend payout ratio is 83.99%.

Insider Buying and Selling

In related news, insider Peter Duffy sold 53,668 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of GBX 202 ($2.71), for a total transaction of £108,409.36 ($145,398.82). Also, insider Rakesh Sharma acquired 5,030 shares of the firm's stock in a transaction that occurred on Monday, February 17th. The stock was acquired at an average price of GBX 199 ($2.67) per share, for a total transaction of £10,009.70 ($13,425.03). Insiders purchased a total of 5,184 shares of company stock worth $1,030,918 in the last 90 days. Insiders own 9.15% of the company's stock.

Mony Group Company Profile

MONY Group PLC is an established member of the FTSE 250 index. The Group operates a tech-led savings platform and leading UK brands including price comparison sites (MoneySuperMarket), cashback (Quidco) and a consumer finance content led brand (MoneySavingExpert). We cover a broad range of verticals including Insurance, Money, Home Services and Travel amongst others.