Admiral Group (ADM)

Sector:

Insurance

Index:

FTSE 100

2,325.00p
   
  • Change Today:
      39.00p
  • 52 Week High: 2,508.00
  • 52 Week Low: 1,887.00
  • Currency: UK Pounds
  • Shares Issued: 294.04m
  • Volume: 695,216
  • Market Cap: £6,836m
  • RiskGrade: 183

JP Morgan upgrades Direct Line Group and Admiral

By Alexander Bueso

Date: Monday 09 Mar 2020

LONDON (ShareCast) - (Sharecast News) - Analysts at JP Morgan upgraded their recommendations for UK auto insurers Admiral and Direct Line in anticipation of continued discipline on the part of both firms on margins.
A divergence between market-wide claims inflation and pricing was evident in 2019, but listed insurers had managed to navigate those troubled waters "fairly well", the investment bank said, describing margins as "surprisingly robust" outside of Hastings.

"We expect this discipline to continue, and hence for the sector see low-growth continuing, but against the wider macro backdrop and ongoing COVID-19 concerns we believe "low growth" will increasingly be seen as attractive," JP Morgan said.

In their view, Direct Line, whose shares they upgraded to 'overweight' (and nudging up their target from 3450p to 350.0p), had emerged from the most recent earnings season looking strongest, with both a better-than-expected underlying earnings performance and a highly attractive capital return profile.

JP Morgan also upgraded its view on Admiral, from 'underweight' to 'neutral', and revised its target price from 1,925.0p to 2,125.0p, on the back of a higher likelihood of high reserve releases extending into 2020.

For Saga, another non-life UK insurer, which they rated at neutral, they cut their dividend per share forecast to zero "in light of the travel and cruise outlook".

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Admiral Market Data

Currency UK Pounds
Share Price 2,325.00p
Change Today 39.00p
% Change 1.71 %
52 Week High 2,508.00
52 Week Low 1,887.00
Volume 695,216
Shares Issued 294.04m
Market Cap £6,836m
RiskGrade 183

Admiral Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
66.45% below the market average66.45% below the market average66.45% below the market average66.45% below the market average66.45% below the market average
83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average
Price Trend
80.33% above the market average80.33% above the market average80.33% above the market average80.33% above the market average80.33% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income
62.64% above the market average62.64% above the market average62.64% above the market average62.64% above the market average62.64% above the market average
27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average
Growth
53.52% above the market average53.52% above the market average53.52% above the market average53.52% above the market average53.52% above the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 10
Sell 1
Strong Sell 3
Total 16
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Admiral Dividends

  Latest Previous
  Final Special
Ex-Div 07-May-20 n/a
Paid 01-Jun-20 n/a
Amount 56.30p 0.000p

Trades for 26-May-2020

Time Volume / Share Price
16:35 266,321 @ 2,325.00p
16:29 3 @ 2,330.00p
16:29 143 @ 2,330.00p
16:29 150 @ 2,330.00p
16:29 86 @ 2,328.00p

Admiral Key Personnel

CEO David Stevens
Chair Annette Court
CFO Geraint Jones

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