Shore Capital Reaffirms “Buy” Rating for Mony Group (LON:MONY)

Shore Capital reiterated their buy rating on shares of Mony Group (LON:MONY) in a research note published on Wednesday morning, Marketbeat.com reports.

Mony Group Stock Up 1.4 %

MONY stock opened at GBX 199.40 ($2.60) on Wednesday. The firm’s fifty day simple moving average is GBX 211.52 and its 200-day simple moving average is GBX 220.27. The company has a market capitalization of £1.07 billion, a P/E ratio of 1,424.29, a price-to-earnings-growth ratio of 1.20 and a beta of 0.67. The company has a debt-to-equity ratio of 32.05, a current ratio of 0.82 and a quick ratio of 0.71. Mony Group has a 12 month low of GBX 193.90 ($2.53) and a 12 month high of GBX 288.80 ($3.77).

Mony Group Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, September 9th. Investors of record on Thursday, August 1st were paid a GBX 3.30 ($0.04) dividend. This represents a dividend yield of 1.45%. The ex-dividend date of this dividend was Thursday, August 1st. Mony Group’s dividend payout ratio is currently 8,571.43%.

Insider Activity at Mony Group

In other news, insider Jonathan Bewes bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The stock was purchased at an average cost of GBX 224 ($2.93) per share, for a total transaction of £22,400 ($29,250.46). In related news, insider Jonathan Bewes acquired 10,000 shares of Mony Group stock in a transaction on Wednesday, July 24th. The stock was bought at an average cost of GBX 224 ($2.93) per share, for a total transaction of £22,400 ($29,250.46). Also, insider Rakesh Sharma bought 9,253 shares of Mony Group stock in a transaction dated Tuesday, August 27th. The stock was acquired at an average price of GBX 216 ($2.82) per share, with a total value of £19,986.48 ($26,098.82). Insiders bought a total of 19,325 shares of company stock worth $4,253,768 in the last three months. Company insiders own 9.15% of the company’s stock.

About Mony Group

Mony Group Plc, together with its subsidiaries, provides price comparison and lead generation services through its websites in the United Kingdom. The company operates through Insurance, Money, Home Services, Travel, and Cashback segments. It offers MoneySuperMarket, a price comparison site, which provides online and app-based tools to help people save money on their household bills; MoneySavingExpert, a consumer finance website; Quidco, a cashback site; TravelSupermarket for comparing prices on a range of holiday options, including package holidays and hotels, low-cost and charter airlines, and car hire providers; icelolly.com, a holiday comparison and deals site; and Decision Tech, a price comparison platform.