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ADM Admiral Group Plc

2,837.00
8.00 (0.28%)
28 Mar 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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  8.00 0.28% 2,837.00 2,841.00 2,843.00 2,849.00 2,817.00 2,837.00 392,264 16:35:29
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Ins Agents,brokers & Service 4.44B 338M 1.1146 25.49 8.61B
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 2,829p. Over the last year, Admiral shares have traded in a share price range of 1,983.00p to 2,870.00p.

Admiral currently has 303,235,974 shares in issue. The market capitalisation of Admiral is £8.61 billion. Admiral has a price to earnings ratio (PE ratio) of 25.49.

Admiral Share Discussion Threads

Showing 1626 to 1649 of 1650 messages
Chat Pages: 66  65  64  63  62  61  60  59  58  57  56  55  Older
DateSubjectAuthorDiscuss
19/3/2024
13:22
Well Sabre had results today..

And they were great.

Bodes well.

undervaluedassets
12/3/2024
13:51
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.

pj84
28/2/2024
12:24
I found it, its a Bloomberg suggestion that Direct Line rejected a bid from Ageas recently - so either a second choice target or just a reflection that Insurance is undervalued, but Aviva has not risen.
fenners66
28/2/2024
12:14
An 80p spike straight up , fat finger or some rumour ?
fenners66
11/1/2024
19:58
Yes, you only have to look at credit card interest rates even when the base rate was at historic lows or store cards etc.
pj84
11/1/2024
17:37
Yes could be related to APR rates for installments but given the lack of specifics the reaction here seems to be overdone. High APR rates are the norm more often than not for installment payments for many consumer products not just insurance.
bountyhunter
11/1/2024
09:39
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.

ldavis
11/1/2024
09:35
However what is wrong that customers who are eligible pay the same APR rate for instalments regardless of their credit rating
city1911
11/1/2024
09:20
Not sure what your point is? Not everyone can afford to pay in one lump sum. My point was that policies paid by instalments generally perform worse. Some customers purposely pay in instalments if eligible knowing the repercussions of being fraudulent if they pay in one lump sum
city1911
10/1/2024
18:54
Most insurers would allow both payment methods surely.
bountyhunter
10/1/2024
18:33
I would argue that policies paid by instalments perform worse than policies paid in one lump sum.Fraudsters for example generally pay by instalments knowing that if they have a claim rejected for fraud they do not have to pay any further instalments and just get the policy cancelled. They then move onto the next insurer and try do the same
city1911
10/1/2024
17:32
Seems a bit of an overreaction to me.
bountyhunter
10/1/2024
12:31
legal, regulated loan sharks

'outliers' is also the term used by Govt Cert Statisticians to remove any result that is at variance with their personal and political views after a survey conducted to agreed, acceptable standards of honesty

ccnp
10/1/2024
12:27
Found it, not that I understand the potential implications..



premium finance outliers?

bountyhunter
10/1/2024
12:21
Interview with the FCA in the insurance post regarding premium finance. Has effected all insurance stocks
city1911
10/1/2024
11:19
What's spooked this today?
bountyhunter
22/12/2023
10:37
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.
bountyhunter
22/12/2023
09:50
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.
pj84
14/12/2023
17:55
A bit of a damp squib today in a bouyant market.
Never mind I've got post #1000, it must be my lucky day! ;-)

bountyhunter
16/8/2023
09:09
Too early to judge, I feel. Give it a while...
glavey
16/8/2023
08:12
Yes, e.g. customer numbers up :)
bountyhunter
16/8/2023
08:08
Profits down 5% and divi down 15%, but other metrics up.
Obviously better than market expectations which must have been low.

deadly
16/8/2023
06:52
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.

bountyhunter
03/8/2023
09:45
Tender offer's majority acceptance seems to have gone down well.
deadly
Chat Pages: 66  65  64  63  62  61  60  59  58  57  56  55  Older

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