Mony Group (LON:MONY) Share Price Crosses Above 200 Day Moving Average - Here's Why

Mony Group Plc (LON:MONY - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 194.43 ($2.59) and traded as high as GBX 211.40 ($2.81). Mony Group shares last traded at GBX 208.40 ($2.77), with a volume of 1,431,339 shares traded.

Analyst Ratings Changes

Separately, Berenberg Bank increased their price objective on shares of Mony Group from GBX 290 ($3.86) to GBX 300 ($3.99) and gave the stock a "buy" rating in a research report on Monday, February 17th.

Mony Group Stock Up 0.4%

The firm's 50-day moving average price is GBX 199.44 and its 200-day moving average price is GBX 194.77. The company has a market cap of £1.13 billion, a price-to-earnings ratio of 14.80, 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.

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

Mony Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 16th. Investors of record on Thursday, April 10th will be issued a dividend of GBX 9.20 ($0.12) per share. This represents a yield of 4.45%. This is a positive change from Mony Group's previous dividend of $3.30. The ex-dividend date of this dividend is Thursday, April 10th. Mony Group's dividend payout ratio (DPR) is presently 83.99%.

Insiders Place Their Bets

In other news, insider Peter Duffy sold 53,668 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of GBX 202 ($2.69), for a total value of £108,409.36 ($144,276.50). Also, insider Rakesh Sharma acquired 5,030 shares of the business's stock in a transaction that occurred on Monday, February 17th. The stock was purchased at an average price of GBX 199 ($2.65) per share, for a total transaction of £10,009.70 ($13,321.40). 9.15% of the stock is owned by company insiders.

About Mony Group

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.