Just Group (JUST)

Sector:

Insurance

Index:

FTSE 250

101.80p
   
  • Change Today:
    -1.40p
  • 52 Week High: 107.60
  • 52 Week Low: 68.20
  • Currency: UK Pounds
  • Shares Issued: 1,038.70m
  • Volume: 738,961
  • Market Cap: £1,057.40m
  • RiskGrade: 252

Just Group post strong rise in full-year profits

By Alexander Bueso

Date: Tuesday 07 Mar 2023

LONDON (ShareCast) - (Sharecast News) - Just Group posted a strong rise in full-year profits and announced that it had achieved a record start to the year.
Underlying operating profits were ahead by 19% to £249m.

That was thanks in part to Retirement Income sales being up by 17% to £3.1bn, driven by a 33% surge in Defined Benefit De-risking sales.

Commenting on the firm's results, chief executive officer David Richardson highlighted how over the past four years Just Group's performance had exceeded the commitments made.

"Our positioning in the exciting DB and improving retail markets underpin our confidence to deliver 15% growth in underlying operating profit per annum, on average over the medium term," he added.

First quarter momentum was also "strong" with Just closing a £513m DB transaction - its largest ever - alongside a strong start to 2023 for its retail business.

The company also improved its capital coverage ratio from 164% to 199%, of which 30 percentage points of the increase was the result of interest rate increases and the remainder of organic capital generation.

As of 1257 GMT, shares of Just Group were 10.32% higher at 90.35p.



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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Just Group Market Data

Currency UK Pounds
Share Price 101.80p
Change Today -1.40p
% Change -1.36 %
52 Week High 107.60
52 Week Low 68.20
Volume 738,961
Shares Issued 1,038.70m
Market Cap £1,057.40m
RiskGrade 252

Just Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
81.91% above the market average81.91% above the market average81.91% above the market average81.91% above the market average81.91% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Price Trend
73.64% above the market average73.64% above the market average73.64% above the market average73.64% above the market average73.64% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income
26.36% below the market average26.36% below the market average26.36% below the market average26.36% below the market average26.36% below the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average
Growth
10.98% below the market average10.98% below the market average10.98% below the market average10.98% below the market average10.98% below the market average
42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average

What The Brokers Say

Strong Buy 2
Buy 3
Neutral 1
Sell 0
Strong Sell 0
Total 6
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Just Group Dividends

  Latest Previous
  Final Interim
Ex-Div 11-Apr-24 24-Aug-23
Paid 15-May-24 04-Oct-23
Amount 1.50p 0.58p

Trades for 15-May-2024

Time Volume / Share Price
13:23 3,008 @ 101.83p
13:23 1,112 @ 101.80p
13:17 27,222 @ 101.61p
13:14 25 @ 101.60p
13:12 3,900 @ 101.80p

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