Old Mutual (LON:OMU) Sets New 1-Year High – Still a Buy?

Old Mutual Limited (LON:OMU)’s stock price reached a new 52-week high on Thursday . The company traded as high as GBX 65.20 and last traded at GBX 65, with a volume of 161961 shares traded. The stock had previously closed at GBX 63.80.

Old Mutual Price Performance

The firm has a market capitalization of £2.72 billion, a P/E ratio of 0.44 and a beta of 1.02. The business’s 50-day simple moving average is GBX 60.52 and its 200 day simple moving average is GBX 55.73. 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 Activity at Old Mutual

In other Old Mutual news, insider Jan-Hendrik Erasmus bought 212,716 shares of the firm’s stock in a transaction that occurred on Tuesday, October 28th. The shares were bought at an average price of GBX 62 per share, for a total transaction of £131,883.92. Corporate insiders own 0.21% of the company’s stock.

Old Mutual Company Profile

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.