How To Buy Admiral Group Shares – Best Trading Apps 2022

Looking for a share trading app to trade Admiral Group that ticks all your boxes?

What the right share trading platform is for you will depend on your requirements.

Who are Admiral Group

Admiral Group are a FTSE 100 financial services company, founded and headquartered in Cardiff, Wales.

Originally founded in 1993 as a car insurance provider, today they are one of the biggest insurance and financial service providers in the UK, with a market capitalisation of over £9 billion.

UK Share Dealing Platforms & Apps 2022

Trading Platforms:Features:*Go To Site:
eToro Share DealingFree access to TipRanks expert share analysis. CopyTrader is eToro’s most popular feature and allows you to view what traders are doing in real time and copy their trading automatically.

68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

See Deal »
dEGIRO sHARE dEALINGDEGIRO are one of largest and cheapest brokers in Europe. Access to over 50 markets in 30 countries. Low commissions/fees. User-friendly, simple platform.

Investing involves risk of loss.

See Deal »
Saxo BankSAXO Access over 30,000+ stocks across 60+ exchanges worldwide. Ultra competitive pricing. Benefit from extensive charting with 50+ technical indicators, integrated Trade Signals and innovative risk management tools.

Investing involves risk of loss.

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IGIG Trade & invest with the world's leading online trading provider.** Trade over 17,000 markets with spread bets and CFDs and invest in thousands of global shares & ETFs.

71% of retail investor accounts lose money. Capital at risk.

See Deal »
AJ Bell SharedealingAJ Bell offers overseas trading in 24 international markets.

Capital at risk.

See Deal »
Fineco Bank has 1.3 million clients. No inactivity charges. SPECIAL OFFER: £500 in trading commissions - open an a/c by 29th July & get £500 trading commission to use within 3 months. T&Cs apply.

Capital at risk.

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HL Share DealingHargreaves Lansdown The UK's #1 broker. Price improvement service helps you get the best price for your shares.

Capital at risk.

See Deal »
ii Share DealingInteractive Investor are the UK's #1 flat fee platform. Over 400,000 customers.

Capital at risk.

See Deal »

*Please note that additional fees may be applied by platform/App providers for their services.
** No 1 For CFDs and spread betting, based on revenue excluding FX (published financial statements, June 2020).

Admiral Group Trading News

In August 2021, Admiral released their financial results for the first half of their 2021 trading year.

Here are some of the key financial highlights for the 6-month period:

  • £482m profit before tax – this represents a 76% increase compared to 2020’s H1 results.
  • 139.2p earnings per share – a 67% increase year on year.
  • £1.75 billion turnover – up 9% year on year.
  • Turnover and profits were up in all of Admiral’s UK car insurance, UK household insurance and international insurance operations.
  • The company’s UK insurance operations were notably the standout performer, with a 73% profit increase compared to 2020.

We break down their recent trading news in more detail later on, here.

How to buy Admiral Group shares

Our view:  The next generation of online trading platform means you can get setup & buy Admiral  shares in as little as 5 minutes!

  1. Select a share trading platform – See our top platform picks
  2. Open your trading account – To do this you will need your bank details and national insurance number
  3. Fund your account – You will need to fund your a/c with a debit or credit card or bank transfer
  4. Search for the share using the Admiral  stock code – Type in the ADM share code into the search box
  5. Check out the latest info and price for the selected share – Some platforms offer free research and analysis
  6. Buy the share – Nice and easy!

eToro – Offers 0% commission free trading

“eToro is the world’s largest community of traders and investors, numbering more than 10 million from more than 140 countries.”

One of the attractions of eToro as a platform is the ability to participate in copy and social trading.

CopyTrader is eToro’s most popular feature and allows you to view what traders are doing in real time and copy their trading automatically. If you are a beginner learning the basics or simply don’t have time to watch the markets, this feature allows you to leverage other traders expertise.

Buy US, UK & International StockseToro Share Dealing

68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

  • 0% commission on stocks (other fees apply)
  • Copy successful traders
  • Features for novices & experts
  • Free access to TipRanks expert share analysis
  • Editors choice “Great for new traders”

Go To Site »

Admiral Trading News Continued

Milena Mondini, Group CEO, summarised the company’s recent results as follows:

“[We saw] strong profit driven by very positive prior year development combined with lower claims frequency, [and] continued growth across different businesses and geographies in very competitive markets”.

On the day of trading following the publication of their financial results, Admiral’s share price rose roughly 3.9%.

Looking to the future, Admiral has committed to environmentally friendly policies to comply with regulatory and social pressures. The company is committed to being net zero on their carbon emissions by 2040.

Admiral’s share price during the global pandemic

In March 2020, Admiral’s share price took a small hit in line with the UK and other international financial markets. However, in comparison to other sectors and industries, the insurance sector was not too heavily impacted and Admiral’s trading price recovered fairly quickly.

The company generally saw fewer claims on motor insurance policies throughout 2020 due to less commuters and less vehicle travel in general as a result of lockdown restrictions. And this served to increase their profits for the trading year with fewer payments made to customers compared to their typical levels.

Since the initial slump, the company’s value has increased fairly steadily during the course of the Covid-19 pandemic up until 2022.

How to select a share trading platform?

Trading platform services offered vary widely, and so do the costs.

5 things to think about:

1. How do you want to trade?

There are different ways to trade shares online:

a. Short term trading – Spread betting & CFDs

Looking to take advantage of short term opportunities in the market?

With derivatives trading you can use products such as CFDs and spread bets to speculate on Admiral Group’s share price increasing or decreasing without having to take direct ownership of the shares themselves.

CFDs (Contracts For Difference) and spread betting are leveraged products, which means you can gain full exposure to company shares while only putting down a small deposit. While this magnifies possible profits, it does the same for losses.

CFDs & spread bets are popular among short term traders as profits and losses are realised immediately – making it faster to open and close trades. However, this doesn’t mean you can’t use them for longer-term positions too. You’d just need to consider the costs involved in maintaining a position – such as overnight funding – and the bet duration as spread bets do have fixed terms.

They also enable you to buy and sell shares online without ever owning the underlying asset. This has tax benefits and means you can trade both rising and falling markets (Tax laws are subject to change).

b. Long term trading – Investing in Admiral shares

Looking to take a longer term position in Admiral Group shares?

Share dealing services enables you to invest in company shares with a view to selling them for a profit at a later date. When you buy shares in Admiral Group you become a part owner of that Company and gain shareholder rights including any income that is paid as dividends.

Different share dealing services have different charging structures. Some platforms offer commission free share dealing, but most operate on a fixed fee per trade with usually a reduction in this fee if you carry out more than a certain number of trades per month.

With profits you make on share trading capital gains and dividends earned may be subject to tax at your personal rate. Tax can be mitigated if you trade within an ISA or Self Invested Personal Pension account.

2. Do you want to do a lot of trading?

Active investors will want to look for a platform that offers the lowest fees for volume trades.

If you are going to trade Admiral Group shares regularly most trading platforms will offer lower trading prices based on volume.

3. How easy to use is this trading platform: what kind of tools and customer service does it offer?

How easy is the platform to use to buy and sell Admiral shares for new traders/investors?

Platform functionality is becoming the key battleground in persuading traders which platform to go for.

Mobile app features are also key in offering traders alerts and buy/sell signals whilst on the move.

These are often the criteria that count most highly with users, so do some research and read the reviews.

Many investors are prepared to pay a bit more in fees for a platform that offers really useful apps and services.

4. Types of trading accounts for long term trading?

Some trading platforms offer as well as general share trading accounts, ISA accounts and Self Invested Personal Pension Accounts which offer tax free trading benefits (no tax on dividends or capital gains tax on realised profit).

5. Do you want to trade just in shares, funds, or stocks & funds?

If you also interested in investing or trading in funds then this again may determine who you go with.

If you are interested in ETFs, Investment Trusts, Open Ended Investment Companies (OEICs) or Unit Trusts then you will need to check with the platform provider what is available. E.g. Some platforms only offer a limited number of collectives such as OEICs.

Charging structured for funds held on the platform will vary. Over time the impact of such charges can be significant. Check the platform charging structure carefully.

About Admiral Group

Company History:

Admiral was established as a trading division of Brockbank Group in the early nineties, but by 1999 the company had been bought out by Henry Engelhardt with backing from Barclays Private Equity.

In 2004, Admiral announced an IPO to the London Stock Exchange and launched its share price at 275p. At the beginning of market trading the next day, Admiral was worth approximately £700 million following its public launch.

In 2005, Admiral notably became the first insurance company to provide multicar insurance products that provided customers who owned multiple cars with a better deal on their insurance policy.

The company is also well-known for launching its price comparison services Compare.com and Confused.com, the latter of which was sold to RVU among other holdings in 2021 in a deal worth £508m.

Today, Admiral employs over 10,000 people in 8 countries around the world.

IMPORTANT:

No news, feature article or comment should be seen as a personal recommendation to invest. Prior to making any decision to invest, you should ensure that you are familiar with the risks associated with a particular plan. If you are at all unsure of the suitability of a particular product, both in respect of its objectives and its risk profile, you should seek independent financial advice.

The value of shares, ETFs and ETCs bought through a share dealing account, a stocks and shares ISA or a SIPP can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 67%-70% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk.

Tax treatment of ISAs depends on your individual circumstances and is based on current law which may be subject to change in the future. ISA transfer charges may apply, please check with your provider.

Written by Sam Hodgson ,
1st January 2022