Old Mutual (LON:OMU) Reaches New 1-Year High – Time to Buy?

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

Old Mutual Trading Up 1.9%

The stock has a market cap of £2.73 billion, a P/E ratio of 0.44 and a beta of 1.02. The firm’s 50 day simple moving average is GBX 60.24 and its two-hundred day simple moving average is GBX 55.56. 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 related news, insider Jan-Hendrik Erasmus acquired 212,716 shares of the stock in a transaction that occurred on Tuesday, October 28th. The stock was purchased at an average cost of GBX 62 per share, for a total transaction of £131,883.92. 0.21% of the stock is currently owned by insiders.

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.