Chesnara (LON:CSN) Announces Quarterly Earnings Results

Chesnara (LON:CSN) announced its quarterly earnings results on Friday. The company reported GBX 2.56 ($0.03) EPS for the quarter, Digital Look Earnings reports. Chesnara had a return on equity of 1.21% and a net margin of 1.02%.

Chesnara Price Performance

Shares of CSN opened at GBX 273 ($3.53) on Friday. The business has a 50-day moving average of GBX 265.02 and a 200-day moving average of GBX 259.81. Chesnara has a 1 year low of GBX 240 ($3.11) and a 1 year high of GBX 289.50 ($3.75). The company has a market capitalization of £415.39 million, a price-to-earnings ratio of 99.57 and a beta of 0.44. The company has a debt-to-equity ratio of 62.42, a current ratio of 2.55 and a quick ratio of 38.06.

Chesnara Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, April 10th will be issued a dividend of GBX 23.95 ($0.31) per share. This represents a yield of 4.24%. This is a positive change from Chesnara’s previous dividend of $8.61. The ex-dividend date is Thursday, April 10th. Chesnara’s payout ratio is presently 875.33%.

Insider Activity at Chesnara

In other news, insider Steve Murray acquired 11,012 shares of the business’s stock in a transaction on Friday, March 28th. The shares were purchased at an average cost of GBX 272 ($3.52) per share, with a total value of £29,952.64 ($38,768.63). 5.47% of the stock is currently owned by corporate insiders.

Chesnara Company Profile

Chesnara (CSN.L) is a European life and pensions consolidator listed on the London Stock Exchange. It administers approximately one million policies and operates as Countrywide Assured in the UK, as The Waard Group and Scildon in the Netherlands, and as Movestic in Sweden.

Following a three-pillar strategy, Chesnara’s primary responsibility is the efficient administration of its customers’ life and savings policies, ensuring good customer outcomes and providing a secure and compliant environment to protect policyholder interests.