Man Group (LON:EMG) Reaches New 52-Week Low - Here's Why

Shares of Man Group Plc (LON:EMG - Get Free Report) hit a new 52-week low on Tuesday . The company traded as low as GBX 196.60 ($2.54) and last traded at GBX 196.68 ($2.54), with a volume of 1354893 shares traded. The stock had previously closed at GBX 198.10 ($2.56).

Analysts Set New Price Targets

A number of analysts recently commented on EMG shares. Canaccord Genuity Group raised Man Group to a "buy" rating and raised their price target for the stock from GBX 194 ($2.50) to GBX 272 ($3.51) in a research note on Wednesday, December 11th. JPMorgan Chase & Co. reduced their price target on shares of Man Group from GBX 247 ($3.19) to GBX 242 ($3.12) and set an "overweight" rating on the stock in a research report on Thursday, March 20th. Finally, Canaccord Genuity Group raised Man Group to a "buy" rating and lifted their price objective for the company from GBX 194 ($2.50) to GBX 272 ($3.51) in a research report on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of GBX 281.67 ($3.63).

Man Group Stock Performance

The company has a debt-to-equity ratio of 27.76, a quick ratio of 1.58 and a current ratio of 0.99. The stock has a market capitalization of £2.52 billion, a P/E ratio of 8.24, a PEG ratio of -1.15 and a beta of 0.71. The business has a 50-day moving average price of GBX 207.99 and a 200 day moving average price of GBX 208.68.

Man Group Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Thursday, April 10th will be given a $0.12 dividend. This represents a dividend yield of 4.25%. The ex-dividend date of this dividend is Thursday, April 10th. This is a positive change from Man Group's previous dividend of $0.06. Man Group's payout ratio is currently 61.33%.

Insider Transactions at Man Group

In related news, insider Dixit Joshi bought 46,051 shares of the business's stock in a transaction on Thursday, February 27th. The stock was acquired at an average price of GBX 217 ($2.80) per share, with a total value of £99,930.67 ($128,909.53). Also, insider Robyn Grew sold 299,898 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of GBX 210 ($2.71), for a total transaction of £629,785.80 ($812,417.18). Insiders own 0.95% of the company's stock.

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.