Personal Group (LON:PGH) Stock Passes Below 50 Day Moving Average – Here’s Why

Personal Group Holdings Plc (LON:PGH) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 194.52 ($2.44) and traded as low as GBX 183.90 ($2.31). Personal Group shares last traded at GBX 186 ($2.34), with a volume of 39,600 shares changing hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group initiated coverage on shares of Personal Group in a report on Tuesday, September 24th. They issued a “buy” rating and a GBX 209 ($2.63) price target for the company.

Personal Group Stock Performance

The company has a debt-to-equity ratio of 3.52, a current ratio of 2.39 and a quick ratio of 2.78. The company has a market cap of £57.94 million, a PE ratio of 1,328.57 and a beta of 0.46. The business has a fifty day simple moving average of GBX 194.52 and a two-hundred day simple moving average of GBX 176.89.

Personal Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, November 8th. Investors of record on Thursday, October 3rd were paid a dividend of GBX 6.50 ($0.08) per share. This is a boost from Personal Group’s previous dividend of $5.85. This represents a dividend yield of 3.99%. The ex-dividend date of this dividend was Thursday, October 3rd. Personal Group’s dividend payout ratio is 8,571.43%.

Insider Activity at Personal Group

In other Personal Group news, insider Paula Constant bought 9,998 shares of Personal Group stock in a transaction that occurred on Tuesday, November 5th. The shares were bought at an average cost of GBX 200 ($2.51) per share, with a total value of £19,996 ($25,130.07). Also, insider Ciaran Astin purchased 439 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was acquired at an average price of GBX 171 ($2.15) per share, with a total value of £750.69 ($943.43). 43.90% of the stock is owned by corporate insiders.

Personal Group Company Profile

Personal Group Holdings Plc provides benefits and platform products, pay and reward consultancy services, and salary sacrifice technology products in the United Kingdom. It operates through four segments: Affordable Insurance, Other Owned Benefits, Benefits Platform, and Pay and Reward. The company offers insurance products, including hospital plans, convalescence plans, and death benefit policies; and consultancy and software solutions services on pay and reward services, as well as a suite of cloud-based SaaS solutions and surveys.