J P Morgan Chase & Co upgraded shares of RSA Insurance Group plc (LON:RSA) to an overweight rating in a research report released on Tuesday morning. They currently have GBX 725 ($9.57) price objective on the insurance provider’s stock, up from their prior price objective of GBX 700 ($9.24).
RSA has been the topic of several other reports. HSBC Holdings plc raised their target price on RSA Insurance Group plc from GBX 715 ($9.44) to GBX 745 ($9.83) and gave the company a buy rating in a report on Monday, August 21st. Goldman Sachs Group, Inc. (The) raised their target price on RSA Insurance Group plc from GBX 685 ($9.04) to GBX 715 ($9.44) and gave the company a buy rating in a report on Tuesday, September 12th. Citigroup Inc. reiterated a neutral rating and set a GBX 615 ($8.12) target price on shares of RSA Insurance Group plc in a report on Tuesday, September 26th. Shore Capital reiterated a sell rating on shares of RSA Insurance Group plc in a report on Wednesday, August 2nd. Finally, Barclays PLC raised their target price on RSA Insurance Group plc from GBX 655 ($8.64) to GBX 663 ($8.75) and gave the company an overweight rating in a report on Monday, September 11th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of GBX 638 ($8.42).
RSA Insurance Group plc (LON:RSA) opened at 628.50 on Tuesday. The stock’s 50 day moving average price is GBX 627.78 and its 200-day moving average price is GBX 627.04. RSA Insurance Group plc has a 12 month low of GBX 511.00 and a 12 month high of GBX 672.50. The firm’s market capitalization is GBX 6.41 billion.
The company also recently announced a dividend, which was paid on Friday, October 13th. Stockholders of record on Thursday, September 7th were given a GBX 6.60 ($0.09) dividend. The ex-dividend date was Thursday, September 7th. This represents a dividend yield of 1.02%.
In other news, insider Isabel Hudson bought 1,133 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was bought at an average price of GBX 648 ($8.55) per share, for a total transaction of £7,341.84 ($9,688.36).
About RSA Insurance Group plc
RSA Insurance Group plc is an international general insurer. The Company provides personal, commercial and specialty insurance products and services direct-to-customers. Its segments include Scandinavia, Canada, UK & Ireland, Central Functions and non-core. Its segments are based on geography and all are engaged in providing personal and commercial general insurance services.
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