Old Mutual (LON:OMU) Hits New 52-Week High – Here’s What Happened

Old Mutual Limited (LON:OMU) shares reached a new 52-week high on Tuesday . The stock traded as high as GBX 66 and last traded at GBX 66, with a volume of 45130 shares. The stock had previously closed at GBX 65.40.

Old Mutual Price Performance

The firm has a market capitalization of £2.77 billion, a price-to-earnings ratio of 0.45 and a beta of 1.02. The stock has a 50 day moving average of GBX 61.42 and a 200 day moving average of GBX 56.47. 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 bought 212,716 shares of the firm’s stock in a transaction dated Tuesday, October 28th. The stock was bought at an average price of GBX 62 per share, for a total transaction of £131,883.92. 0.21% of the stock is currently owned by corporate insiders.

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.