Mony Group (LON:MONY) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Mony Group Plc (LON:MONY)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 196.68 ($2.55) and traded as high as GBX 205 ($2.65). Mony Group shares last traded at GBX 204.60 ($2.65), with a volume of 27,756,350 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank upped their price objective on shares of Mony Group from GBX 290 ($3.75) to GBX 300 ($3.88) and gave the stock a “buy” rating in a research report on Monday, February 17th.

Mony Group Price Performance

The business’s fifty day moving average is GBX 195.06 and its 200 day moving average is GBX 196.73. The company has a market cap of £1.09 billion, a P/E ratio of 14.36, a PEG ratio of 1.20 and a beta of 0.67. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 32.86.

Mony Group (LON:MONY) last posted its quarterly earnings results on Monday, February 17th. The company reported GBX 17.10 ($0.22) EPS for the quarter. Mony Group had a net margin of 17.25% and a return on equity of 34.74%. As a group, sell-side analysts anticipate that Mony Group Plc will post 19.1090909 EPS for the current year.

Mony Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 16th. Shareholders of record on Thursday, April 10th will be paid a dividend of GBX 9.20 ($0.12) per share. This represents a yield of 4.45%. This is an increase from Mony Group’s previous dividend of $3.30. The ex-dividend date is Thursday, April 10th. Mony Group’s dividend payout ratio (DPR) is currently 83.99%.

Insider Buying and Selling at Mony Group

In related news, insider Rakesh Sharma acquired 5,030 shares of the stock in a transaction dated Monday, February 17th. The stock was acquired at an average cost of GBX 199 ($2.58) per share, with a total value of £10,009.70 ($12,959.22). Insiders bought a total of 5,262 shares of company stock worth $1,045,894 in the last three months. 9.15% of the stock is currently owned by company insiders.

Mony Group Company Profile

MONY Group PLC is an established member of the FTSE 250 index. The Group operates a tech-led savings platform and leading UK brands including price comparison sites (MoneySuperMarket), cashback (Quidco) and a consumer finance content led brand (MoneySavingExpert). We cover a broad range of verticals including Insurance, Money, Home Services and Travel amongst others.