Admiral Group (LON:ADM) Shares Cross Above Fifty Day Moving Average – Time to Sell?

Admiral Group plc (LON:ADM)’s share price passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of GBX 3,793.65 and traded as high as GBX 3,836. Admiral Group shares last traded at GBX 3,826.75, with a volume of 693,882 shares.

Wall Street Analyst Weigh In

ADM has been the topic of a number of recent analyst reports. Citigroup raised their price target on shares of Admiral Group from GBX 4,243 to GBX 4,516 and gave the company a “buy” rating in a report on Friday, August 7th. Royal Bank Of Canada boosted their price objective on shares of Admiral Group from GBX 3,450 to GBX 3,950 and gave the stock a “sector perform” rating in a research note on Wednesday, August 12th. Finally, Berenberg Bank cut shares of Admiral Group to a “hold” rating and set a GBX 4,200 target price for the company. in a research report on Thursday, August 27th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of GBX 3,813.60.

Admiral Group Trading Up 1.4%

The company has a 50 day moving average of GBX 3,793.46 and a two-hundred day moving average of GBX 3,420.42. The company has a debt-to-equity ratio of 139.06, a quick ratio of 0.42 and a current ratio of 4.99. The stock has a market capitalization of £11.58 billion, a PE ratio of 17.74, a P/E/G ratio of 1.69 and a beta of 0.19.

Admiral Group announced that its board has approved a share repurchase plan on Wednesday, September 30th that allows the company to repurchase £45 million in shares. This repurchase authorization allows the company to reacquire up to 0.4% of its shares through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In other news, insider Milena Mondini de Focatiis sold 39,950 shares of the business’s stock in a transaction dated Monday, September 28th. The stock was sold at an average price of GBX 3,626, for a total transaction of £1,448,587. Also, insider Rachel Lewis sold 6,481 shares of the business’s stock in a transaction dated Monday, September 28th. The stock was sold at an average price of GBX 3,626, for a total value of £235,001.06. 13.71% of the stock is currently owned by company insiders.

Admiral Group Company Profile

Admiral Group plc is an established financial services provider offering motor, household, travel and pet insurance, as well as personal lending products, trading in five countries, namely the UK, France, Italy, Spain and the US. Founded in 1993, Admiral has grown to become an established multinational and multi-product insurer and is proud to be Wales’ only FTSE 100 Company. As the leading personal motor insurance provider in the UK, Admiral continues to focus on technology and agility, diversifying the businesses, and progressing with the evolution of motor.