Admiral: Get A 7% Dividend Yield From This Cheap Compounder
Source: SeekingAlpha
2025-03-20 16:59:38 ET
Summary
- Admiral posted blow-out results for 2024, beating analyst expectations by a large margin.
- Being solidly capitalized and conservatively reserved, the looming sale of the U.S. unit will likely lead to a special dividend.
- The company is cheap compared to historic valuation multiples and should have more room to run.
Excellent 2024 results
British car insurance juggernaut Admiral Group plc ( OTCPK:AMIGF ) ( OTCPK:AMIGY ) released its Q4/24 earnings two weeks ago and solidly beat analyst expectations: EPS came in at GBP 2.17, up a whopping 95% YoY, customers grew by 14%, and the entire group's combined ratio stood at an excellent 77%....
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Admiral: Get A 7% Dividend Yield From This Cheap Compounder
Admiral Group ADR
NASDAQ: AMIGY
AMIGY Trading
0.81% G/L:
$44.7435 Last:
31,434 Volume:
$45.10 Open:
