Admiral Group - ADM Share Forecast, Price & News

Admiral Group plc provides car insurance products in the United Kingdom, Spain, Italy, France, India, and the United States. The company operates through UK Insurance, International Insurance, Admiral Loans, and Other segments. It underwrites car, van, household, and travel insurance, as well as offers unsecured personal and car loans, and legal services. It offers its insurance products under the Admiral, Apparent, Balumba, Bell, Diamond, Elephant, Elephant Auto, Gladiator, L'Olivier, Qualitas Auto, and WiYou Seguros brand names, as well as through Compare.com and ConTe.it. The company was founded in 1993 and is headquartered in Cardiff, the United Kingdom.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ADM shares. Berenberg Bank reaffirmed a "buy" rating and set a GBX 2,903 ($35.08) price objective on shares of Admiral Group in a report on Thursday, July 28th. Barclays reissued an "overweight" rating and issued a GBX 2,583 ($31.21) price target on shares of Admiral Group in a research note on Monday, August 8th. Jefferies Financial Group downgraded shares of Admiral Group to an "underperform" rating and decreased their price target for the stock from GBX 2,300 ($27.79) to GBX 1,525 ($18.43) in a research note on Monday, July 18th. JPMorgan Chase & Co. raised their price target on shares of Admiral Group from GBX 1,750 ($21.15) to GBX 1,780 ($21.51) and gave the stock an "underweight" rating in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a GBX 2,560 ($30.93) price target on shares of Admiral Group in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Admiral Group has a consensus rating of "Hold" and an average price target of GBX 2,325.17 ($28.10).

Admiral Group Stock Performance

LON:ADM opened at GBX 2,258 ($27.28) on Monday. The company's 50-day moving average price is GBX 2,085.03 and its 200-day moving average price is GBX 2,412. The company has a current ratio of 2.08, a quick ratio of 0.91 and a debt-to-equity ratio of 86.13. The company has a market cap of £6.77 billion and a P/E ratio of 1,152.04. Admiral Group has a twelve month low of GBX 1,691.50 ($20.44) and a twelve month high of GBX 3,706 ($44.78).

Admiral Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 1st will be given a dividend of GBX 105 ($1.27) per share. This represents a yield of 5.34%. The ex-dividend date of this dividend is Thursday, September 1st. Admiral Group's payout ratio is currently 77.30%.

Insider Buying and Selling

In other news, insider Annette Court acquired 1,181 shares of the business's stock in a transaction that occurred on Thursday, August 11th. The stock was purchased at an average cost of GBX 2,244 ($27.11) per share, for a total transaction of £26,501.64 ($32,022.28).