Admiral Group (LON:ADM) Sets New 52-Week Low - Here's Why

Admiral Group plc (LON:ADM - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 2,472 ($31.81) and last traded at GBX 2,478 ($31.89), with a volume of 635731 shares changing hands. The stock had previously closed at GBX 2,528 ($32.53).

Admiral Group Price Performance

The company's 50-day simple moving average is GBX 2,752.57 and its 200-day simple moving average is GBX 2,711.90. The stock has a market capitalization of £7.37 billion, a price-to-earnings ratio of 1,889.31, a P/E/G ratio of 1.69 and a beta of 0.18. The company has a debt-to-equity ratio of 114.95, a current ratio of 0.56 and a quick ratio of 0.42.

Admiral Group Increases Dividend

The business also recently announced a dividend, which was paid on Friday, October 4th. Shareholders of record on Thursday, September 5th were given a GBX 71 ($0.91) dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a yield of 2.53%. This is a positive change from Admiral Group's previous dividend of $52.00. Admiral Group's dividend payout ratio (DPR) is currently 6,641.22%.

Insider Transactions at Admiral Group

In other news, insider Mike Rogers bought 4,000 shares of the company's stock in a transaction that occurred on Friday, August 16th. The shares were acquired at an average price of GBX 3,018 ($38.84) per share, for a total transaction of £120,720 ($155,346.80). In other Admiral Group news, insider Mike Rogers bought 4,000 shares of the firm's stock in a transaction dated Friday, August 16th. The stock was bought at an average cost of GBX 3,018 ($38.84) per share, with a total value of £120,720 ($155,346.80). Also, insider Michael Brierley acquired 91 shares of Admiral Group stock in a transaction on Monday, October 14th. The stock was purchased at an average cost of GBX 2,736 ($35.21) per share, with a total value of £2,489.76 ($3,203.91). Over the last 90 days, insiders have acquired 4,299 shares of company stock worth $12,901,504. Company insiders own 18.30% of the company's stock.

About Admiral Group

Admiral Group plc, a financial services company, provides insurance and personal lending products in the United Kingdom, France, Italy, Spain, and the United States. It operates through four segments: UK Insurance, International Insurance, Admiral Money, and Other. The company offers underwriting services, which includes motor, household, pet, travel, and other insurance, as well as car and home insurance; and unsecured personal loans and car finance products.