Admiral Group (ADM) Increases Dividend to GBX 58 Per Share

Admiral Group (LON:ADM) declared a dividend on Wednesday, February 28th, Upcoming.Co.Uk reports. Investors of record on Thursday, May 10th will be given a dividend of GBX 58 ($0.81) per share on Friday, June 1st. This represents a dividend yield of 3.08%. The ex-dividend date of this dividend is Thursday, May 10th. This is a positive change from Admiral Group’s previous dividend of $56.00. The official announcement can be accessed at this link.

Shares of ADM stock traded up GBX 9.50 ($0.13) on Friday, hitting GBX 1,990 ($27.75). 764,222 shares of the company’s stock traded hands, compared to its average volume of 850,550. Admiral Group has a one year low of GBX 1,766 ($24.63) and a one year high of GBX 2,184 ($30.46).

In other news, insider Annette Court purchased 1,740 shares of the company’s stock in a transaction on Thursday, March 1st. The stock was acquired at an average price of GBX 1,889 ($26.35) per share, with a total value of £32,868.60 ($45,841.84).

Several equities analysts recently commented on the stock. Citigroup reaffirmed a “sell” rating and set a GBX 1,720 ($23.99) target price on shares of Admiral Group in a report on Wednesday, April 25th. Peel Hunt reduced their target price on shares of Admiral Group from GBX 2,078 ($28.98) to GBX 2,073 ($28.91) and set an “add” rating on the stock in a report on Wednesday, April 25th. JPMorgan Chase reaffirmed an “underweight” rating and set a GBX 1,900 ($26.50) target price on shares of Admiral Group in a report on Thursday, March 22nd. Deutsche Bank increased their target price on shares of Admiral Group from GBX 1,980 ($27.62) to GBX 2,075 ($28.94) and gave the company a “hold” rating in a report on Wednesday, March 21st. Finally, Investec raised shares of Admiral Group to a “reduce” rating and increased their target price for the company from GBX 1,750 ($24.41) to GBX 1,780 ($24.83) in a report on Monday, March 12th. Eight research analysts have rated the stock with a sell rating and five have given a hold rating to the company. Admiral Group has a consensus rating of “Sell” and an average price target of GBX 1,869.25 ($26.07).

Admiral Group Company Profile

Admiral Group plc provides car insurance products primarily in the United Kingdom, Spain, Italy, France, and the United States. The company operates through four segments: UK Car Insurance, International Car Insurance, Price Comparison, and Other. It underwrites car insurance and other insurance products; offers van insurance and associated products primarily to small businesses, as well as general insurance products; and provides household insurance, and commercial vehicle insurance broking services.

Dividend History for Admiral Group (LON:ADM)

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