Personal Group (LON:PGH) Reaches New 12-Month High Following Dividend Announcement

Personal Group Holdings Plc (LON:PGH)’s share price hit a new 52-week high on Tuesday following a dividend announcement from the company. The stock traded as high as GBX 239.37 ($3.08) and last traded at GBX 234 ($3.01), with a volume of 209546 shares changing hands. The stock had previously closed at GBX 212 ($2.73).

The newly announced dividend which will be paid on Wednesday, May 14th. Shareholders of record on Thursday, April 3rd will be issued a dividend of GBX 10 ($0.13) per share. This is an increase from Personal Group’s previous dividend of $6.50. This represents a yield of 4.31%. The ex-dividend date is Thursday, April 3rd. Personal Group’s dividend payout ratio (DPR) is presently 80.50%.

Analyst Ratings Changes

Separately, Canaccord Genuity Group upped their target price on Personal Group from GBX 209 ($2.69) to GBX 316 ($4.07) and gave the company a “buy” rating in a research report on Tuesday.

Personal Group Price Performance

The firm has a market cap of £72.75 million, a P/E ratio of 15.83 and a beta of 0.46. The firm has a fifty day simple moving average of GBX 206.25 and a 200-day simple moving average of GBX 193.22.

Personal Group (LON:PGH) last released its quarterly earnings data on Tuesday, March 25th. The company reported GBX 17.70 ($0.23) earnings per share for the quarter. Personal Group had a net margin of 13.49% and a return on equity of 14.40%. On average, equities analysts predict that Personal Group Holdings Plc will post 19.0753425 earnings per share for the current year.

Personal Group Company Profile

Personal Group Holdings Plc (AIM: PGH) is a workforce benefits and health insurance provider. Its vision is to be the champion of affordable and accessible insurance and benefits, keeping businesses and their employees happy, healthy and protected. The Group is proud to support the health and wellbeing of c.