Admiral Group (OTCMKTS:AMIGY) Shares Down 0.8% – Here’s Why

Shares of Admiral Group plc (OTCMKTS:AMIGY) were down 0.8% during trading on Wednesday. The company traded as low as $48.39 and last traded at $48.73. Approximately 40,881 shares traded hands during mid-day trading, a decline of 13% from the average daily volume of 46,886 shares. The stock had previously closed at $49.10.

Analyst Ratings Changes

A number of research firms have recently issued reports on AMIGY. Citigroup restated a “buy” rating on shares of Admiral Group in a research report on Friday, August 7th. The Goldman Sachs Group upgraded shares of Admiral Group from a “sell” rating to a “neutral” rating in a research note on Thursday, July 9th. Morgan Stanley upgraded shares of Admiral Group from an “underweight” rating to an “overweight” rating in a research report on Monday, September 7th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Admiral Group in a research report on Wednesday, August 12th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy”.

Admiral Group Price Performance

The business has a 50-day simple moving average of $51.72 and a two-hundred day simple moving average of $48.06.

Admiral Group Company Profile

Admiral Group plc is a United Kingdom-based financial services company specializing in insurance. Founded in 1993 and headquartered in Cardiff, Wales, the group is best known for providing motor insurance to personal and commercial customers through brands including Admiral, Elephant, Diamond, and Gladiator. Its offerings include car, van, multi-car, and telematics-based insurance products.

The company has expanded beyond motor coverage into home, travel, and pet insurance, as well as vehicle financing and related services.