Admiral (LSE:ADM) is one of my best shares to buy now. Here’s why I’m looking to add the shares to my holdings at current levels and hold on to them. Insurance giant
Admiral, set up in 1993, is one of the UK’s leading insurance providers. It is best known for its low cost car insurance for drivers of all ages and abilities as well as higher performance vehicles. It also provides home, travel, and pet insurance products. In recent times, it has played a major part in bringing multi-car products, where policies can cover multiple cars in the same household, to the market.
Markets around the world are reeling from the coronavirus pandemic… and with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.
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As I write, Admiral shares are trading for 3,052p. At this time last year, the shares were trading for 2,982p, which is a modest 2% return over a 12-month period. The best shares to buy now have risks too Admiral is in a very competitive market. The rise of insurance comparison platforms in recent years has provided consumers with many alternative providers of insurance products. Despite its catchy […]
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