Admiral Group PLC

Admiral Group provides motor and household insurance. Co. has four reportable segments: U.K. Insurance, which consists of the underwriting of car insurance, van insurance, household insurance and other products that supplement these insurance policies; International Car Insurance, which consists of the underwriting of car insurance and additional products outside of the U.K., specifically covering Co.'s operations in Spain, Italy, France and the U.S.; Price Comparison, which relates Co.'s price comparison businesses, Confused.com in the U.K., Rastreator in Spain, LeLynx in France and Compare.com in the U.S.; and Other, which includes Co.'s commercial van insurance broker, Gladiator.
  • TickerADM
  • ISINGB00B02J6398
  • ExchangeLondon Stock Exchange
  • SectorNonlife Insurance
  • CountryUnited Kingdom

Analysts

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Europe & the UK remain in focus The MSCI ACWI ex-U.S. is breaking topside its nearly 14-month downtrend and above key resistance. The move is being fueled by improvements throughout most of Europe and the UK, along with strength in China over the past 2-3 months. We believe these positive developments are supportive of higher equity prices moving forward. As a result of these and several other observations highlighted below, our outlook on global equities is positive. • Europe & the UK. As has been the case over the last several weeks, a major focus of ours within global equities (ex-U.S.) h...

Henry Heathfield

Morningstar | Admiral Still Too Rich and Operates a Vulnerable Business Model

Admiral reported profit before tax of GBP 480 million for full-year 2018, above our full-year estimate of GBP 440 million. However, the result has been significantly flattered by a change in the Ogden discount rate assumption from negative 75 basis points to zero. The total impact of this change is around GBP 120 million, GBP 65 million of which has come through in this year’s results in the form of pretax reserve releases. GBP 55 million is expected to come in the coming years. We are increasing our fair value estimate to GBX 1,800 per share from GBX 1,660 to account for the time value of mon...

Henry Heathfield

Morningstar | Admiral Still Too Rich and Operates a Vulnerable Business Model. See Updated Analyst Note from 18 Mar 2019

Admiral reported profit before tax of GBP 480 million for full-year 2018, above our full-year estimate of GBP 440 million. However, the result has been significantly flattered by a change in the Ogden discount rate assumption from negative 75 basis points to zero. The total impact of this change is around GBP 120 million, GBP 65 million of which has come through in this year’s results in the form of pretax reserve releases. GBP 55 million is expected to come in the coming years. We are increasing our fair value estimate to GBX 1,800 per share from GBX 1,660 to account for the time value of mon...

Henry Heathfield

Admiral Still Too Rich and Operates a Vulnerable Business Model

Admiral reported profit before tax of GBP 480 million for full-year 2018, above our full-year estimate of GBP 440 million. However, the result has been significantly flattered by a change in the Ogden discount rate assumption from negative 75 basis points to zero. The total impact of this change is around GBP 120 million, GBP 65 million of which has come through in this year’s results in the form of pretax reserve releases. GBP 55 million is expected to come in the coming years. We are increasin...

Henry Heathfield

Admiral Still Too Rich and Operates a Vulnerable Business Model

After the election result on Prime Minister Theresa May’s deal for Brexit, we are maintaining our GBX 1,660 fair value estimate and no-moat rating for Admiral. May must secure a 49% vote of confidence, and U.K. motor and housing data points to a slide. The election result, in our opinion, still leaves the United Kingdom in a very precarious political situation with uncertainty about sovereignty or European Union membership. We have long been a bear on Admiral because while we think insurance in ...

Henry Heathfield

Morningstar | Admiral Still Too Rich and Operates a Vulnerable Business Model

Admiral reported profit before tax of GBP 480 million for full-year 2018, above our full-year estimate of GBP 440 million. However, the result has been significantly flattered by a change in the Ogden discount rate assumption from negative 75 basis points to zero. The total impact of this change is around GBP 120 million, GBP 65 million of which has come through in this year’s results in the form of pretax reserve releases. GBP 55 million is expected to come in the coming years. We are increasing our fair value estimate to GBX 1,800 per share from GBX 1,660 to account for the time value of mon...

Henry Heathfield

Morningstar | Admiral Still Too Rich and Operates a Vulnerable Business Model. See Updated Analyst Note from 18 Mar 2019

Admiral reported profit before tax of GBP 480 million for full-year 2018, above our full-year estimate of GBP 440 million. However, the result has been significantly flattered by a change in the Ogden discount rate assumption from negative 75 basis points to zero. The total impact of this change is around GBP 120 million, GBP 65 million of which has come through in this year’s results in the form of pretax reserve releases. GBP 55 million is expected to come in the coming years. We are increasing our fair value estimate to GBX 1,800 per share from GBX 1,660 to account for the time value of mon...

Henry Heathfield

Admiral Still Too Rich and Operates a Vulnerable Business Model

Admiral reported profit before tax of GBP 480 million for full-year 2018, above our full-year estimate of GBP 440 million. However, the result has been significantly flattered by a change in the Ogden discount rate assumption from negative 75 basis points to zero. The total impact of this change is around GBP 120 million, GBP 65 million of which has come through in this year’s results in the form of pretax reserve releases. GBP 55 million is expected to come in the coming years. We are increasin...

Henry Heathfield

Admiral Still Too Rich and Operates a Vulnerable Business Model

After the election result on Prime Minister Theresa May’s deal for Brexit, we are maintaining our GBX 1,660 fair value estimate and no-moat rating for Admiral. May must secure a 49% vote of confidence, and U.K. motor and housing data points to a slide. The election result, in our opinion, still leaves the United Kingdom in a very precarious political situation with uncertainty about sovereignty or European Union membership. We have long been a bear on Admiral because while we think insurance in ...

Henry Heathfield

Continued Brexit Uncertainty Complicates Outlook for Admiral Earnings

After the election result on Prime Minister Theresa May’s deal for Brexit, we are maintaining our GBX 1,660 fair value estimate and no-moat rating for Admiral. May must secure a 49% vote of confidence, and U.K. motor and housing data points to a slide. The election result, in our opinion, still leaves the United Kingdom in a very precarious political situation with uncertainty about sovereignty or European Union membership. We have long been a bear on Admiral because while we think insurance in ...

2 directors bought/sold

Two Directors at Admiral Group bought/sold 226,195 shares at between 2,019p and 2,056p. The significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rule...

ADMIRAL GROUP PLC. is slightly downgraded to Slightly Positive due to an increasingly adverse environment

The independent financial analyst theScreener just slightly lowered the general evaluation of ADMIRAL GROUP PLC. (GB), active in the Insurance Brokers industry. As regards its fundamental valuation, the title confirms its rating of 3 out of 4 stars while its market behaviour remains unchanged and can be qualified as defensive. However, a marginally less favourable environment forces theScreener to downgrade slightly the title, which now shows an overall rating of Slightly Positive. As of the analysis date December 7, 2018, the closing price was GBp 2,007.00 and its potential was estimated at G...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

MarketLine Department

Admiral Group PLC - Strategy, SWOT and Corporate Finance Report

Synopsis Admiral Group PLC - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Summary - Detailed information on Admiral Group PLC required for business and competitor intelligence needs - A study of the major internal and external factors affecting Admiral Group PLC in the form of a SWOT analysis - An in-depth view of the business model of Admiral Group PLC including a breakdown ...

Admiral Group PLC – Proxinvest Corporate Governance Rating ® : A

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Etude de l'AG du 26/04/2017

Mr. Lyons served as the Chairman of the Board during the year and has stated his intention to step down at the forthcoming AGM.Annette Court will succeed the position of Chairman at the forthcoming AGM and is deemed to be independent at appointment. We note that the Company has selected a woman to serve as Chairman of the Board. The percentage of women on the Board is 33.3%, which also meets ECGS guidelines.Item 2: Approve the Remuneration Report. While there are concerns over the lack of a performance based bonus and the potential for excessive variable remuneration under the LTIP, the struct...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Europe & the UK remain in focus The MSCI ACWI ex-U.S. is breaking topside its nearly 14-month downtrend and above key resistance. The move is being fueled by improvements throughout most of Europe and the UK, along with strength in China over the past 2-3 months. We believe these positive developments are supportive of higher equity prices moving forward. As a result of these and several other observations highlighted below, our outlook on global equities is positive. • Europe & the UK. As has been the case over the last several weeks, a major focus of ours within global equities (ex-U.S.) h...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Opportunity in EM countries Our cautious outlook and expectation for continued downward pressure on global equities remains intact. Broad global indexes (MSCI ACWI, ACWI ex-U.S., EAFE, and EM) are all trading within patterns of lower highs and lower lows, leading us to believe the most likely scenario is that this near-term bounce is likely nothing more than a countertrend rally before longer-term downtrends reassert themselves. • Opportunity in EM. Both a top-down and bottoms-up analysis point to opportunity in EM countries despite the intact downtrend for the MSCI EM index. Additionally, t...

Matthieu DRIOL

Analyse court terme - ADMIRAL GROUP PLC : La tendance est haussière.

La tendance est haussière. Les cours progressent encore, mais la tendance s'affaiblit. La prochaine résistance est à 2 004,89 p. La rupture de 1 808,67 p mettrait la tendance en danger.

Matthieu DRIOL

Short term view - ADMIRAL GROUP PLC : The trend is bullish.

The trend is bullish. Prices are still making progress but the trend is slowing down. The next resistance is at 2,004.89 p. The break of 1,808.67 p would endanger the trend.

Matthieu DRIOL

Short term view - ADMIRAL GROUP PLC : The trend is bullish.

The trend is bullish. The recent fall is getting more vigorous. The next support is at 1,937.81 p. A break below 1,808.67 p would challenge the trend.

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