Insider Buying: M&G plc (LON:MNG) Insider Buys 600 Shares of Stock

M&G plc (LON:MNG) insider Clive Adamson bought 600 shares of the business’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were acquired at an average cost of GBX 237 ($3.21) per share, with a total value of £1,422 ($1,923.70).

M&G Trading Up 0.7%

Shares of MNG stock opened at GBX 243.80 ($3.30) on Friday. The firm has a 50-day moving average price of GBX 208.56 and a 200 day moving average price of GBX 206.20. The company has a quick ratio of 0.39, a current ratio of 0.40 and a debt-to-equity ratio of 218.70. The company has a market capitalization of £5.81 billion, a P/E ratio of 34.77, a P/E/G ratio of -2.76 and a beta of 1.47. M&G plc has a 12-month low of GBX 171.55 ($2.32) and a 12-month high of GBX 245.50 ($3.32).

M&G (LON:MNG) last posted its earnings results on Wednesday, March 19th. The company reported GBX (15.10) (($0.20)) earnings per share (EPS) for the quarter. M&G had a net margin of 1.85% and a return on equity of 4.31%. Research analysts forecast that M&G plc will post 24.2485207 earnings per share for the current fiscal year.

M&G Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, April 8th. Investors of record on Thursday, April 3rd were paid a GBX 23.50 ($0.32) dividend. This is a boost from M&G’s previous dividend of $6.60. This represents a dividend yield of 4.25%. The ex-dividend date of this dividend was Thursday, April 3rd. M&G’s payout ratio is 285.20%.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft dropped their price objective on M&G from GBX 230 ($3.11) to GBX 225 ($3.04) and set a “hold” rating on the stock in a report on Monday, February 24th.

M&G Company Profile

M&G plc is a leading savings and investments business, managing investments for both individuals and for large institutional investors, such as pension funds, around the world.

We have a single corporate identity, M&G plc, and two customer-facing brands: Prudential and M&G Investments. Prudential offers savings and insurance for customers in the UK and Europe and for asset management in South Africa.