HSTG.L - Hastings Group Holdings plc

LSE - LSE Delayed price. Currency in GBp
270.20
-1.40 (-0.52%)
At close: 4:35PM BST
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Previous close271.60
Open271.40
Bid0.00 x 80200
Ask0.00 x 142600
Day's range269.20 - 273.80
52-week range246.80 - 336.70
Volume456,387
Avg. volume1,250,401
Market cap1.777B
Beta0.87
PE ratio (TTM)14.07
EPS (TTM)19.20
Earnings dateN/A
Forward dividend & yield0.17 (6.27%)
Ex-dividend date2018-05-03
1y target est317.75
  • Reuters17 days ago

    Insurer esure blames rising costs on tough British winter

    Snow storms from Siberia brought rare snow and sub-zero temperatures to much of Britain in late February and early March trapping several hundred motorists on roads in Scotland, closing thousands of schools and grounding planes. The insurer said the disruption caused by 'The Beast from the East' and 'Storm Emma' over the period resulted in 8 million pounds ($10.88 million) of claims costs in its home insurance business, which is 6 million pounds ahead of company's expectations. In March, Britain announced plans to introduce new laws to cut the number of whiplash claims from car accidents and change the calculation of personal injury payments, a move which would lower costs for insurers and motor premiums for drivers.

  • Reuters - UK Focus17 days ago

    Insurer esure blames rising costs on tough British winter

    British insurer esure Group Plc on Thursday said claims related to a spell of extreme winter weather resulted in higher-than-expected costs in its home insurance business in the first-quarter. Snow storms from Siberia brought rare snow and sub-zero temperatures to much of Britain in late February and early March trapping several hundred motorists on roads in Scotland, closing thousands of schools and grounding planes. The insurer said the disruption caused by 'The Beast from the East' and 'Storm Emma' over the period resulted in 8 million pounds ($10.88 million) of claims costs in its home insurance business, which is 6 million pounds ahead of company's expectations.

  • Reuters - UK Focus18 days ago

    Insurer Direct Line counts the cost of Britain's long, icy winter

    British motor and home insurer Direct Line (Other OTC: DIISD - news) Insurance Group reported a 5 percent fall in quarterly gross written premiums and said claims linked to Britain's recent cold weather snap would utilise almost all the company's annual weather budget. Direct Line, whose brands include Churchill, Green Flag and Privilege, said claims associated with widespread snow and icy weather conditions in the first quarter were expected to be about 50 million pounds post tax, against a budget of 55 million pounds. The weather system dubbed "the Beast from the East" brought rare snow and sub-zero temperatures to much of Britain in late February and early March.

  • Reuters - UK Focus24 days ago

    BUZZ-Hastings: bottom of FTSE 250 after trading update

    ** Shares of motor insurer -6.4 pct at lowest level in over a year, bottom of FTSE midcap index ** Reports higher claims costs due to icy weather and a slowdown in gross written premium growth in Q1 ** ...

  • Reuters24 days ago

    Motor insurer Hastings slips on ice, shares slide

    Snow and icy weather conditions resulted in larger than expected claims costs, though the firm posted a 12 percent jump in first-quarter net revenue for the quarter, buoyed by an increase in its customer base, it said in a statement. Hastings' shares were trading at 261 pence per share at 0724 GMT, the worst-performing stock in the FTSE mid-cap index (.FTMC). The company's net revenue came in at 184.5 million pounds ($257.17 million) for the quarter ended March 31, up 12 percent from 164.5 million pounds a year earlier.

  • Reuters - UK Focus24 days ago

    Motor insurer Hastings slips on ice, shares slide

    British motor insurer Hastings Group (Frankfurt: 29716880.F - news) Holdings Plc reported higher claims costs due to icy weather and a slowdown in gross written premium growth in the first quarter, sending its shares down seven percent on Thursday. Snow and icy weather conditions resulted in larger than expected claims costs, though the firm posted a 12 percent jump in first-quarter net revenue for the quarter, buoyed by an increase in its customer base, it said in a statement.

  • Reuterslast month

    UK car insurance premiums see biggest quarterly fall in four years - survey

    The average premium for a comprehensive policy is now 768 pounds, according to the latest index from price comparison site Confused.com, compiled by insurance advisory company Willis Towers Watson. The index, which is based on price data compiled from almost six million customer quotes per quarter, found that the average premium in the first quarter this year versus the first quarter in 2017 was 2 percent lower, marking the first annual drop in prices since 2015.

  • Reuters - UK Focuslast month

    UK car insurance premiums see biggest quarterly fall in four years-survey

    The cost of a comprehensive motor insurance policy fell 7 percent in Britain in the first quarter, the largest quarterly reduction in premiums seen in four years, a survey said on Monday. The average premium for a comprehensive policy is now 768 pounds ($1,096.40), according to the latest index from price comparison site Confused.com, compiled by insurance advisory company Willis Towers Watson. The index, which is based on price data compiled from almost six million customer quotes per quarter, found that the average premium in the first quarter this year versus the first quarter in 2017 was 2 percent lower, marking the first annual drop in prices since 2015.

  • Reuters2 months ago

    Britain to put brake on whiplash injury claims from car crashes

    Whiplash is a form of neck injury caused by a sudden jolt that snaps the head backwards but insurers argue that many claims in such cases are fraudulent. Britain's Ministry of Justice said it would set fixed compensation amounts for whiplash claims and require medical evidence before claims are settled. It is also changing the interest rate used to calculate how much in compensation should be paid by insurers for personal injuries, cutting the size of payments.

  • Reuters - UK Focus2 months ago

    Britain to put brake on whiplash injury claims from car crashes

    Britain plans new laws to cut the number of whiplash claims from car accidents and change the calculation of personal injury payments, a move which should lower costs for insurers and motor premiums for drivers. Whiplash is a form of neck injury caused by a sudden jolt that snaps the head backwards but insurers argue that many claims in such cases are fraudulent. Britain's Ministry of Justice said it would set fixed compensation amounts for whiplash claims and require medical evidence before claims are settled.

  • Reuters - UK Focus3 months ago

    Light premiums weigh on UK insurer Hastings despite profit rise

    British insurer Hastings Group Holdings Plc reported a 39 percent jump in full-year adjusted operating profit as it provided insurance to more customers and increased its market share, although a slowdown in premiums written took some of the shine off results. The company, which mainly sells motor insurance in the UK, said adjusted operating profit rose to 184.1 million pounds ($253.36 million) for 2017 from 132.1 million pounds a year earlier. Gross written premiums rose 21 percent to 930.8 million pounds, about 2.5 percent below consensus estimates, missing both Barclays (LSE: BARC.L - news) and RBC expectations.

  • Reuters3 months ago

    Hastings full-year operating profit jumps 39 percent

    The company, which mainly operates in the UK motor market, said adjusted operating profit rose to 184.1 million pounds for 2017 from 132.1 million pounds a year earlier. "The competitive environment continues to be intense, with slower premium inflation since the end of the third quarter than that experienced in the first half of 2017 following the proposed Ogden rate review," said Gary Hoffman, the company's non-executive chairman designate, referring to the change in the way personal injury lump-sum payments are calculated. Hastings said it would pay a final dividend of 8.5 pence per share and total dividend of 12.6 pence for 2017.

  • Reuters4 months ago

    Average UK motor insurance premiums paid in 2017 highest since 2012 - ABI

    The average premium paid over 2017 was 481 pounds, 40 pounds higher than a year earlier, the ABI said in a statement. The price paid for private comprehensive motor insurance was 493 pounds in the last quarter of 2017, up 6 percent from the same period in 2016, the ABI added, citing its motor premium tracker. "The rising cost of motor insurance shows no sign of abating.

  • Reuters - UK Focus4 months ago

    Average UK motor insurance premiums paid in 2017 highest since 2012 - ABI

    The average premium paid for motor insurance in Britain jumped 9 percent in 2017 to the highest level since 2012, the Association of British Insurers (ABI) said on Wednesday. The average premium paid over 2017 was 481 pounds ($671), 40 pounds higher than a year earlier, the ABI said in a statement. The price paid for private comprehensive motor insurance was 493 pounds in the last quarter of 2017, up 6 percent from the same period in 2016, the ABI added, citing its motor premium tracker.

  • Reuters4 months ago

    UK fourth-quarter motor insurance premiums fall 1.3 percent - survey

    The cost of a comprehensive motor insurance policy fell 1.3 percent on average in Britain in the fourth quarter from the previous quarter, though premiums rose 8 percent for full-year 2017, a survey said on Monday. Premiums have fallen for the past two quarters after Britain said it planned to change the way personal injury lump sum payments are calculated, a move which would cut the size of those payments. Motor insurers took a hit to profits and insurance premiums rose earlier this year after Britain made an unexpectedly large change to the existing discount rate.

  • Reuters - UK Focus4 months ago

    UK Q4 motor insurance premiums fall 1.3 pct-survey

    The cost of a comprehensive motor insurance policy fell 1.3 percent on average in Britain in the fourth quarter from the previous quarter, though premiums rose 8 percent for full-year 2017, a survey said on Monday. Motor insurers took a hit to profits and insurance premiums rose earlier this year after Britain made an unexpectedly large change to the existing discount rate.

  • Reuters4 months ago

    British insurer Hastings says CEO Hoffman to become chairman

    Hoffman will assume the role of non-executive chairman from Mike Fairey, who will retire in May. "Mike Fairey was appointed as chairman to guide the company through its IPO in October 2015... Mike believes that, having successfully achieved those objectives... it is now the right time for him to step down," Hastings said.

  • Reuters - UK Focus4 months ago

    BUZZ-Admiral: JPMorgan takes stock of UK non-life insurance sector

    ** British motor and home insurer Admiral -3.5 pct and biggest bluechip loser after JPMorgan cuts rating to "underweight" from "neutral" ** Cuts TP to 1900p from 1980p ** "For ...

  • Reuters - UK Focus6 months ago

    Motor insurance drives rise in premiums at UK's esure

    British insurer esure Group Plc said on Wednesday it expected 20-25 percent growth in full-year premiums as it reported a record quarter for premiums, helped by rising demand and legal changes that raised the cost of motor insurance. The company, which provides insurance products to drivers, home owners, pet owners and holiday makers across Britain, said gross written premiums rose 25.4 percent to 625.8 million pounds ($823.1 million) in the nine months ended Sept. 30. The insurer also said it expected its full-year combined operating ratio to be at the lower end of its 96-98 percent range, which translates into a higher underwriting profit.

  • Reuters7 months ago

    Average UK motor insurance premium falls 1.1 percent in third quarter - survey

    The price of an average annual comprehensive motor insurance policy fell to 838 pounds, 9 pounds lower than in June, Willis Towers Watson said in a statement, after Britain announced plans last month to change the rate for calculating personal injury payments, a move expected to cut the size of the payments. The latest plans for the personal injury rate come after an unexpected change in the rate earlier this year pushed up the size of the payments, denting insurers' profits and driving premiums to record highs. Admiral (ADML.L), Direct Line (DLGD.L), esure (ESUR.L) and Hastings (HSTG.L) operate in Britain's highly competitive motor insurance market.

  • Reuters - UK Focus7 months ago

    Average UK motor insurance premium falls 1.1 pct in Q3- survey

    Car insurance premiums in Britain fell by an average of 1.1 percent in the third quarter of 2017, the largest quarterly fall in more than three years, according to the Confused.com car insurance price ...

  • Reuters - UK Focus8 months ago

    Motoring group AA appoints CEO as it lowers profit forecast

    British motoring group AA said on Tuesday acting Chief Executive Simon Breakwell will remain in the role permanently while lowering its full-year profit forecast as it seeks to stabilise the business after firing its executive chairman last month. Shares (Berlin: DI6.BE - news) in the roadside recovery and motor insurance services company fell 9.3 percent to 152 pence by 0850 GMT to be the biggest mid-cap faller. Bob Mackenzie's sudden dismissal in August from his roles as both chief executive and chairman and the news that costs related to an "erratic work load", particularly in June and July, had dragged on profits hit shares in AA (Frankfurt: A116XA - news) .

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