Man Group (LON:EMG) Reaches New 12-Month Low - Here's What Happened

Man Group Plc (LON:EMG - Get Free Report) shares hit a new 52-week low during trading on Thursday . The company traded as low as GBX 154.69 ($2.06) and last traded at GBX 155.20 ($2.06), with a volume of 2482702 shares trading hands. The stock had previously closed at GBX 159.20 ($2.12).

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reduced their price objective on shares of Man Group from GBX 247 ($3.29) to GBX 242 ($3.22) and set an "overweight" rating for the company in a report on Thursday, March 20th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of GBX 278 ($3.70).

Man Group Trading Down 2.0 %

The firm has a market capitalization of £2.25 billion, a P/E ratio of 7.36, a PEG ratio of -1.15 and a beta of 0.71. The company has a current ratio of 0.99, a quick ratio of 1.58 and a debt-to-equity ratio of 27.76. The business has a 50 day moving average of GBX 196.21 and a 200-day moving average of GBX 204.09.

Man Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 2nd. Investors of record on Thursday, April 17th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, April 17th. This is an increase from Man Group's previous dividend of $0.12. This represents a dividend yield of 4.67%. Man Group's dividend payout ratio (DPR) is presently 61.33%.

Insider Buying and Selling

In related news, insider Dixit Joshi purchased 46,051 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was acquired at an average cost of GBX 217 ($2.89) per share, for a total transaction of £99,930.67 ($132,921.88). Also, insider Robyn Grew sold 299,898 shares of the company's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of GBX 210 ($2.79), for a total transaction of £629,785.80 ($837,703.91). 0.95% of the stock is currently owned by corporate insiders.

Man Group Company Profile

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.