Personal Group (LON:PGH) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Personal Group Holdings Plc (LON:PGH) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 221.19 ($2.93) and traded as high as GBX 233.20 ($3.09). Personal Group shares last traded at GBX 230.20 ($3.05), with a volume of 48,826 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lifted their target price on shares of Personal Group from GBX 209 ($2.77) to GBX 316 ($4.18) and gave the company a “buy” rating in a report on Tuesday, March 25th.

Personal Group Stock Down 1.0 %

The company has a market cap of £70.47 million, a PE ratio of 15.34 and a beta of 0.46. The business’s 50 day moving average price is GBX 221.64 and its 200-day moving average price is GBX 201.11.

Personal Group (LON:PGH) last released its quarterly earnings results on Tuesday, March 25th. The company reported GBX 17.70 ($0.23) earnings per share for the quarter. Personal Group had a net margin of 13.49% and a return on equity of 14.40%. Equities analysts expect that Personal Group Holdings Plc will post 19.0753425 earnings per share for the current year.

Personal Group Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Thursday, April 3rd will be given a GBX 10 ($0.13) dividend. This is a positive change from Personal Group’s previous dividend of $6.50. The ex-dividend date is Thursday, April 3rd. This represents a dividend yield of 4.31%. Personal Group’s dividend payout ratio (DPR) is presently 80.50%.

Insiders Place Their Bets

In other Personal Group news, insider Maria Darby-Walker acquired 2,242 shares of Personal Group stock in a transaction dated Monday, April 7th. The stock was acquired at an average cost of GBX 223 ($2.95) per share, for a total transaction of £4,999.66 ($6,617.68). 43.90% of the stock is owned by corporate insiders.

About Personal Group

Personal Group Holdings Plc (AIM: PGH) is a workforce benefits and health insurance provider. Its vision is to be the champion of affordable and accessible insurance and benefits, keeping businesses and their employees happy, healthy and protected. The Group is proud to support the health and wellbeing of c.