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

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.

Matthieu DRIOL

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

La tendance est haussière. La baisse récente gagne en vigueur. Le prochain support est à 1 937,81 p. La tendance serait remise en cause par la rupture de 1 808,67 p.

Matthieu DRIOL

Analyse moyen terme - ADMIRAL GROUP PLC : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. La correction en cours gagne en vigueur. Il est trop tôt pour parler de retournement baissier. La tendance serait invalidée sous le support à 1 805,58 p.

Henry Heathfield

Morningstar | Admiral 1H: Good Results, but Market Still Misses Strategic Weakness of This Business; Overvalued

Admiral reported first-half 2018 profit before tax of GBP 212 million, pretty much on the nose of our estimate. We are maintaining our GBX 1,660 per share fair value estimate and no-moat rating. Turnover has increased on the comparable to GBP 1.66 billion, with underwriting profit also quite a bit higher, at GBP 93.4 million versus GBP 88.9 million in first-half 2017--hence the share price rally today. Investment return and profit commission were both flat, and there was a small GBP 4 million net interest income from Admiral loans flowing through the income statement, but that’s not worth wri...

Henry Heathfield

Admiral 1H: Good Results, but Market Still Misses Strategic Weakness of This Business; Overvalued

Admiral reported first-half 2018 profit before tax of GBP 212 million, pretty much on the nose of our estimate. We are maintaining our GBX 1,660 per share fair value estimate and no-moat rating. Turnover has increased on the comparable to GBP 1.66 billion, with underwriting profit also quite a bit higher, at GBP 93.4 million versus GBP 88.9 million in first-half 2017--hence the share price rally today. Investment return and profit commission were both flat, and there was a small GBP 4 million ne...

Henry Heathfield, CFA

Admiral operates in a commoditised area of insurance with an exposed ancillary offering.

We are initiating coverage on Admiral with no-moat and stable moat trend ratings. Our fair value estimate is GBX 1,660. Though Admiral is a personal lines motor insurer with a few differentiating factors, despite its high returns on equity, we still believe the business has not been able to establish a moat around its operations. We think the source of these returns are threefold. First, the firm has a high degree of outsourcing of premium to its reinsurance partners, and although it still holds...

Henry Heathfield, CFA

Admiral operates in a commoditzed area of insurance with an exposed ancillary offering.

Admiral is a personal lines motor insurer with a few differences. The business was set up in 1993, spending its first seven years in Lloyds of London. It then went through a management buyout in 1999, teaming up with Barclay’s Private Equity. As part of this MBO, it entered into what have been successful co-insurance and re-insurance relationships. These have allowed the business to operate with what looks like a very capital light business model, and we also think these have enabled the busines...

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...

Steve O'Hare

Admiral Group (ADM LN)

​A leading UK car insurance company that is enjoying strong earnings and customer growth on the back of increasing levels of car ownership and a shift towards online customer purchasing

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 ...

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...

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.

Matthieu DRIOL

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

La tendance est haussière. La baisse récente gagne en vigueur. Le prochain support est à 1 937,81 p. La tendance serait remise en cause par la rupture de 1 808,67 p.

Matthieu DRIOL

Analyse moyen terme - ADMIRAL GROUP PLC : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. La correction en cours gagne en vigueur. Il est trop tôt pour parler de retournement baissier. La tendance serait invalidée sous le support à 1 805,58 p.

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