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ADM Admiral Group Plc

2,711.00
40.00 (1.50%)
15 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Admiral Group Plc LSE:ADM London Ordinary Share GB00B02J6398 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  40.00 1.50% 2,711.00 386,861 16:35:14
Bid Price Offer Price High Price Low Price Open Price
2,711.00 2,713.00 2,714.00 2,669.00 2,675.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Ins Agents,brokers & Service 742.2M 338M 1.1146 24.33 8.22B
Last Trade Time Trade Type Trade Size Trade Price Currency
18:25:22 O 2,500 2,699.067 GBX

Admiral (ADM) Latest News (2)

Admiral (ADM) Discussions and Chat

Admiral Forums and Chat

Date Time Title Posts
10/4/202412:03 *** Admiral ***1,019
10/8/201912:47SELL in Admiral Group PLC (AMD.Lon)3
31/5/201915:18ADMIRAL GROUP PLC _ ACTIVE INVESTORS CLUB1
31/5/201915:18ADMIRAL launched317
31/5/201915:18Admiral Group - Not admired enough!287

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Admiral (ADM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-15 17:25:222,699.072,50067,476.68O
2024-04-15 17:11:112,703.253,13084,611.57O
2024-04-15 17:09:342,705.665,650152,869.85O
2024-04-15 17:07:442,688.804,004107,659.71O
2024-04-15 17:03:452,710.77254.22O

Admiral (ADM) Top Chat Posts

Top Posts
Posted at 15/4/2024 09:20 by Admiral Daily Update
Admiral Group Plc is listed in the Ins Agents,brokers & Service sector of the London Stock Exchange with ticker ADM. The last closing price for Admiral was 2,671p.
Admiral currently has 303,235,974 shares in issue. The market capitalisation of Admiral is £8,223,759,615.
Admiral has a price to earnings ratio (PE ratio) of 24.33.
This morning ADM shares opened at 2,675p
Posted at 12/3/2024 13:51 by pj84
Berenberg: Admiral leads insurers on price rises

Profits are ‘primed to soar’ at Admiral (ADM) as the insurer cuts prices and grows market share, says Berenberg.

Analyst Thomas Bateman retained his ‘hold’ recommendation and increased the target price from £29.61 to £29.73 on the Citywire Elite Companies A-rated stock, which advanced 4.9%, or 125p, to £26.98 on Monday.

Although the share price reaction to annual results last Thursday was muted, there ‘were plenty of reasons to be very optimistic about the outlook and we are raising estimates strongly in 2024 and 2025, up by 38% and 27% respectively’, said Bateman.

‘We believe the hesitancy of investors to keep buying Admiral is driven by a nervousness that UK motor insurance prices will fall,’ he added.

Bateman agreed this was a risk but said the market ‘did not fully appreciate how far ahead in pricing Admiral is versus the rest of the market’.

‘Admiral raised prices by 37% in full-year 2023, well ahead of the market average 25%, and this gives Admiral scope to cut prices a little, while maintaining excellent margins and growing market share,’ he said.
Posted at 11/1/2024 09:39 by ldavis
They do, at a price. I'm guessing the issue is with the apparent APR for paying by installments. Which will affect those who can least afford it the most.

As city1911 says, the performancen of policies paid by installments is probably worse, not neccessarily due to fraudsters but from people having claims in the early months then not paying the remaining installments. It's also those with the higher premiums (and hence probably higher risk) who are liley to pay by installments.
Posted at 22/12/2023 10:37 by bountyhunter
That makes a lot of sense, a downgrade raising their target price! These analysts make me laugh. I guess they could see that their previous target of £25.43 is already looking ridiculous.
Posted at 22/12/2023 09:50 by pj84
Strangely Berenberg downgrades Admiral from buy to hold on concerns about it's complex accounting and already high valuation whilst at the same time increasing it's share price target from £25.43 to £29.61.
Posted at 16/8/2023 07:52 by bountyhunter
Results not bad?
Interim dividend of 51.0 pence per share representing a normal dividend (65% of post-tax profits) of 38.0 pence per share and a special dividend of 13.0 pence per share. The interim dividend will be paid on 6 October 2023. The ex-dividend date is 7 September 2023 and the record date is 8 September 2023.
Posted at 13/6/2023 09:07 by whataday
Sharecast News) - Insurer Admiral tanked on Tuesday after Citi downgraded its stance on the shares to 'sell', saying that a 'deep dive' into industry loss ratio trends had suggested that consensus estimates for the group are currently an outlier."We downgrade Admiral to sell and issue a negative catalyst watch as we expect an earnings expectation reset and material downside risk into 1H23E numbers," Citi said.The bank said it's 10% below both 1H23 and FY23 consensus earnings per share estimates.
Posted at 09/4/2023 05:29 by undervaluedassets
On a charge currently which is pleasing.

Makes sense. share price is cheaper than it was in 2016.

Meanwhile this is a much bigger business than in 2016 and one that continues to take market share.
Posted at 13/3/2023 10:12 by rik shaw
Admiral paid a one off Special this year relating to the Penguins Portal disposal,but ignoring that and using the total this year of 112p gives c 6.0% at current price of 1840.
From Finals:
'The total 2022 financial year dividend, including the third special dividend from the Penguin Portals disposal, is 157.0 pence per share, approximately GBP465 million. Excluding the Penguin Portals special dividend, the total 2022 financial year dividend is 112.0 pence per share,..'
Posted at 09/3/2023 08:35 by ygor705
Well it was not long ago that everybody was concerned that ADM would go the same way as Direct Line and smash the dividend. Hasn't happened and, to my mind, management have shown that they can perform in poor markets. Agree with comments about premium increases fixing the profitability issues which leaves the shares as a buy on any further weakness for me.
Posted at 16/8/2022 16:48 by pj84
Berenberg: Admiral warrants a premium valuation

Motor insurance group Admiral (ADM) stands apart from peers Direct Line (DLG) and Sabre (SBRE), which reported profit warnings last month, after strong half-year results prove the stock warrants a premium valuation, says broker Berenberg.

Analyst Thomas Bateman said Admiral’s premium valuation will return as motor insurance prices should continue to rise for the rest of the year. There is also scope for earnings per share upgrades in 2023 and 2024. The analyst’s own estimates for those years are about 5% and 14%, respectively, above consensus.

He believes the 36% fall in share price year-to-date ‘has greatly under-appreciated the strength of the group’ and that the company ‘delivers, whatever the weather’ and should be rewarded for it.

‘The group’s international business remains a key disappointment to investors, particularly in the US where losses have accelerated. In our view, the group would perform better and be even more attractive to investors if it were to exit the US,’ he said.

Berenberg maintained a ‘buy’ recommendation with a price target of £29.03 on the stock, which rose 2.3% to close at £23.10 on Monday.
Admiral share price data is direct from the London Stock Exchange

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