Old Mutual (LON:OMU) Sets New 1-Year High – Here’s What Happened

Shares of Old Mutual Limited (LON:OMU) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 70.37 and last traded at GBX 70.37, with a volume of 42951 shares traded. The stock had previously closed at GBX 68.

Old Mutual Stock Up 2.4%

The stock has a market cap of £2.93 billion, a PE ratio of 0.47 and a beta of 1.02. The business has a 50 day moving average price of GBX 64.26 and a 200 day moving average price of GBX 58.65. The company has a quick ratio of 0.37, a current ratio of 0.70 and a debt-to-equity ratio of 46.81.

Insider Buying and Selling

In other news, insider Jan-Hendrik Erasmus sold 17,205 shares of the firm’s stock in a transaction dated Tuesday, October 28th. The stock was sold at an average price of GBX 61, for a total transaction of £10,495.05. Corporate insiders own 0.21% of the company’s stock.

About Old Mutual

Old Mutual Limited, together with its subsidiaries, provides financial services primarily in South Africa and rest of Africa. The company operates through Mass and Foundation Cluster, Personal Finance and Wealth Management, Old Mutual Investments, Old Mutual Corporate, Old Mutual Insure, and Old Mutual Africa Regions segments. It offers risk products, including group risk and funeral covers; savings; lending; and transactional products. It also provides financial advice, investment, and income products, as well as asset management services.