Man Group (LON:EMG) Hits New 52-Week Low - Time to Sell?

Shares of Man Group Plc (LON:EMG - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 162.30 ($2.12) and last traded at GBX 164.70 ($2.16), with a volume of 23623932 shares changing hands. The stock had previously closed at GBX 174.60 ($2.29).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. cut their price target on Man Group from GBX 247 ($3.23) to GBX 242 ($3.17) and set an "overweight" rating for the company in a report on Thursday, March 20th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of GBX 281.67 ($3.69).

Man Group Stock Performance

The firm's 50 day moving average price is GBX 201.44 and its two-hundred day moving average price is GBX 206.23. The firm has a market cap of £2.26 billion, a PE ratio of 7.38, a PEG ratio of -1.15 and a beta of 0.71. The company has a debt-to-equity ratio of 27.76, a quick ratio of 1.58 and a current ratio of 0.99.

Man Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 2nd. Investors of record on Thursday, April 17th will be given a $0.15 dividend. This represents a yield of 4.67%. This is a positive change from Man Group's previous dividend of $0.12. The ex-dividend date is Thursday, April 17th. Man Group's dividend payout ratio is presently 61.33%.

Insider Buying and Selling at Man Group

In related news, insider Dixit Joshi acquired 46,051 shares of the firm's stock in a transaction dated Thursday, February 27th. The shares were purchased at an average cost of GBX 217 ($2.84) per share, for a total transaction of £99,930.67 ($130,799.31). Also, insider Robyn Grew sold 299,898 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of GBX 210 ($2.75), for a total transaction of £629,785.80 ($824,326.96). Company insiders own 0.95% of the company's stock.

About Man Group

With a heritage in aiming to deliver attractive performance and tailored client solutions, Man Group is a highly active investment manager, powered by cutting edge investment technology. As a manager of millions of savers' capital, we have a responsibility as stewards of those investments to create a better, more sustainable future for investors and society.