Mony Group (LON:MONY) Stock Crosses Above 200 Day Moving Average – Here’s Why

Shares of Mony Group Plc (LON:MONY) 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 trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank lifted their target price on Mony Group from GBX 290 ($3.75) to GBX 300 ($3.88) and gave the company a “buy” rating in a research note on Monday, February 17th.

Mony Group Stock Performance

The firm’s 50 day moving average is GBX 194.67 and its 200 day moving average is GBX 196.68. The company has a debt-to-equity ratio of 32.86, a quick ratio of 0.71 and a current ratio of 0.82. The stock has a market cap of £1.09 billion, a P/E ratio of 14.32, a price-to-earnings-growth ratio of 1.20 and a beta of 0.67.

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

Mony Group Increases Dividend

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

Insider Activity

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, for a total transaction of £10,009.70 ($12,959.22). Insiders have purchased a total of 5,262 shares of company stock worth $1,045,894 over the last 90 days. 9.15% of the stock is currently owned by corporate insiders.

About Mony Group

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.