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Sanlam Limited (JSE: SLM) | Share Price

Nigel Firth
Nigel Frith trader
Updated 24 May 2024

Sanlam Limited is a South African established financial service group listed on the Johannesburg Stock Exchange (JSE) that was established as a life insurance company but has since transformed into a diversified financial services group with listings on the Johannesburg, A2X and Namibian stock exchanges.

What is Sanlam Limited

Sanlam Limited operates through a number of subsidiaries, associated companies and joint ventures with Sanlam Life being the largest operating subsidiary and the holding company of most of Sanlam’s operations in emerging markets.

Sanlam Limited demutualised in 1998 and Sanlam Limited then listed on the JSE and the Namibian Stock Exchange.

The history of Sanlam Limited can be traced back to 8 June 1918 when it was founded. In 2018, Sanlam Limited celebrated its centenary as well as 20 years since demutualisation and listing in South Africa and Namibia.


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Sanlam Limited

Today, Sanlam Limited has a diversified portfolio of products and services in more sectors of the financial value chain and renders the following services: client-centric wealth creation, management and protection in South Africa, to be a leading player in Pan-African financial services with a meaningful presence in India and Malaysia and to play a niche role in wealth and investment management in specific developed markets.

Sanlam Limited's equity stocks are for sale online on the Johannesburg Stock Exchange (JSE) under the stock symbol SLM.

Sanlam Limited has its headquarters at 2 Strand Road, Bellville, Cape Town, 7530.

The company currently serves clients across the African continent, India, Europe, Malaysia, United Kingdom, India, the USA, Australia and selected developed markets.

The current CEO of Sanlam Limited is Paul Hanratty.

Sanlam Limited forms part of the Insurance Industry and the Financials Sector of the Johannesburg Stock Exchange (JSE).

Sanlam Limited Stock Performance

The most recent or current price for Sanlam Limited stocks on the Johannesburg Stock Exchange (JSE) was 58.34 ZAR at the time of writing.

An analysis of financial data of Sanlam Limited showed that the company has a total market capitalisation of 130 Billion ZAR, with a Price/Earning ratio of 12.85 and earnings per share of 4.5390 ZAR.

The dividend per share of SLM was 3.00 ZAR and its dividend yield was 5.14 %. A total of 2.23 Billion shares were outstanding.

Sanlam Limited

With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell Sanlam Limited stocks can be hopeful for lucrative dividends and earnings in times to come.

According to an analysis on the live chart of Sanlam Limited, analysts forecast a possible further improved performance for the … sector with market share growing as trading volumes increase.

Sanlam - How To Trade

Highlights of Sanlam Limited in 2021

Sanlam Limited started the current financial year (2021) with a share price of 58.75 ZAR on the Johannesburg Stock Exchange (JSE), and it has lost 0.7 % in value on its price valuation, ranking 341st  on the JSE with its year-to-date performance.

Sanlam Limited is currently the 13th most-traded stock on the JSE and it has experienced a total trading volume of more than 321 million shares, which were finalised in 334,578 deals and were valued at a total of 19.5 billion ZAR over a recent three month period from September to December 2021, with an average of 5.09 million shares in each trading session.

During the same period a volume high of 19.2 million was achieved on September 16 and a low of 1.64 million on October 22.

How to buy Sanlam Limited stocks – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders' participating daily. To buy, sell or trade Sanlam Limited stocks on the Johannesburg Stock Exchange (JSE), traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “SLM”.
  2. Select a forex broker that offers access to the Johannesburg Stock Exchange (JSE).
  3. Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. You are now ready to make your first share purchase through the broker.
  6. You can further start to build and diversify your portfolio by buying more shares.

FAQs

The Johannesburg Stock Exchange (JSE) was founded in 1887 during the first South African gold rush. Today it is the principal stock exchange of South Africa and the largest exchange on the continent.

The Johannesburg Stock Exchange is located in Sandton, Johannesburg and is described as the engine room of the South African economy, with the main purpose of facilitating the raising of primary capital for listed companies while improving job opportunities and wealth creation by providing an orderly market for dealing in securities for investors.

The JSE upgraded to electronic trading in 1996, and in 2005, demutualized and listed on its own exchange.

Nigel Firth
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.
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