Admiral Group plc (OTCMKTS:AMIGY) Short Interest Update

Admiral Group plc (OTCMKTS:AMIGY) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 5,000 shares, a decrease of 66.2% from the September 30th total of 14,800 shares. Based on an average daily volume of 17,700 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 17,700 shares, the days-to-cover ratio is presently 0.3 days.

Admiral Group Stock Down 1.0%

Admiral Group stock opened at $43.60 on Thursday. Admiral Group has a one year low of $30.08 and a one year high of $52.08. The business’s fifty day moving average is $46.06 and its 200 day moving average is $45.67.

Admiral Group Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, October 20th. Investors of record on Monday, September 8th were given a dividend of $0.394 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a dividend yield of 628.0%. Admiral Group’s dividend payout ratio (DPR) is 64.83%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Royal Bank Of Canada reiterated an “outperform” rating on shares of Admiral Group in a report on Thursday, August 21st. Jefferies Financial Group upgraded Admiral Group from a “hold” rating to a “buy” rating in a report on Monday, September 29th. Finally, The Goldman Sachs Group raised Admiral Group from a “sell” rating to a “buy” rating in a research note on Wednesday, July 2nd. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Admiral Group Company Profile

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.