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Old Mutual Limited (JSE: OMU.ZA)

Nigel Firth
Nigel Frith trader
Updated 24 May 2024

What is Old Mutual Limited

Old Mutual Limited is an African financial services group listed on the Johannesburg Stock Exchange (JSE) that offers a broad spectrum of financial solutions – from financial planning to managing financial portfolios – to retail and corporate customers across key markets in several countries in Africa.

Old Mutual Limited offers a wide range of simple financial services products to customers in the low income and lower middle income markets, like funeral cover, savings, lending and transactional products, as well as holistic financial advice and long term savings, investment, income and risk products, that targets the middle income market.

For high income and high net worth individuals, Old Mutual Limited provides vertically integrated advice, investment solutions and funds, and other financial solutions.

The history of Old Mutual Limited can be traced back to 17 May 1845 when the group was first established in Cape Town as South Africa’s first mutual life insurance company, offering financial security in uncertain times.

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Old Mutual Limited

Today, Old Mutual Limited has a diversified portfolio of products and services in more sectors of the Financials value chain and renders the following services: investment, savings, life assurance, asset management, banking and property and personal insurance solutions, retirement and benefit funds and short-term insurance services to personal, commercial and corporate customers.

Old Mutual Limited's equity stocks are for sale online on the Johannesburg Stock Exchange (JSE) under the stock symbol OMU.ZA.

Old Mutual Limited has its headquarters at Mutualpark, Jan Smuts Drive, Pinelands, Cape Town, 7405, South Africa.

Old Mutual Limited has more than 31 000 employees.

Old Mutual

The company currently serves clients in 17 countries in Africa but has clients worldwide.

The current CEO of Old Mutual Limited is Iain Williamson.

Old Mutual Limited forms part of the Financial Services Industry and the Financials Sector of the Johannesburg Stock Exchange (JSE).

Old Mutual Limited Stock Performance

The most recent or current price for Old Mutual Limited stocks on the Johannesburg Stock Exchange (JSE) was 12.26 ZAR at the time of writing.

An analysis of financial data of Old Mutual Limited showed that the company has a total market capitalisation of 57.7Billion ZAR, with a Price/Earning ratio of 15.60 and earnings per share of 0.7860 ZAR.

The dividend per share of OMU.ZA was 0.52 ZAR and its dividend yield was 4.24%. A total of 4.71 Billion shares were outstanding.

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

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

Highlights of Old Mutual Limited in 2021

Old Mutual Limited started the current financial year (2021) with a share price of 11.89 ZAR on the Johannesburg Stock Exchange (JSE), and it has gained 3.11 % in value on its price valuation, ranking 307th on the JSE with its year-to-date performance.

Old Mutual Limited is currently the third most-traded stock on the JSE and it has experienced a total trading volume of more than 993 million shares, which were finalised in 272,094 deals and were valued at a total of 14.7 billion ZAR over a recent three month period from September to December 2021, with an average of 15.8 million shares in each trading session.

During the same period a volume high of 49.2 million was achieved on September 16 and a low of 4.61 million on October 20.

Old Mutual - How To Trade

How to buy Old Mutual 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 Old Mutual 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, “OMU.ZA “.
  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.

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Nigel Firth
Nigel Frith trader
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.