AXA Mansard Insurance PLC is an insurance and asset management services company based in Nigeria that traces its history to 1989. AXA Mansard Insurance PLC was initially established as a private liability company and eventually became public when it listed its shares on the Nigerian Stock Exchange (NGX).
What is AXA Mansard Insurance PLC?
AXA Mansard Insurance PLC is registered with the National Insurance Commission of Nigeria as a composite company that provides a portfolio of insurance services relating to motor vehicles, home insurance, life insurance, travel insurance, education, and commercial insurance.
In addition, AXA Mansard Insurance PLC also offers financial advice, portfolio and risk management, and a wide range of investment consulting services in the region. AXA Mansard Insurance PLC forms part of AXA Group, a globally recognised leader in asset management that has 166,000 employees, with more than 100 million clients from 64 worldwide countries.
AXA Mansard Insurance PLC operates three different subsidiaries, namely:
- AXA Mansard Health Limited
- AXA Mansard Investment Limited
- AXA Mansard Pensions Limited
AXA Mansard Insurance PLC can extend its portfolio of services through these subsidiaries to offer non-life insurance products and services to Nigerian individuals and businesses. In addition to this, AXA Mansard Insurance PLC also offers a range of investment and management services, medical insurance, and pension fund administration.
AXA Mansard Insurance PLC's equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol MANSARD. Today, AXA Mansard Insurance PLC is a reputable company that forms part of AXA Group to provide services and solutions to over 100 million clients worldwide.
AXA Mansard Insurance PLC Performance
The current share price for AXA Mansard Insurance PLC stocks is 0.83 NGN [2021/09/20] and the company has a total market capitalization of 29.9 billion NGN, with a P/E ratio of 3.46 NGN and earnings per share of 0.24 NGN, and a total of 36 billion shares outstanding.
During an analysis of the financial performance data that AXA Mansard Insurance PLC reported for the second quarter of 2021, which ended on June 30, the company achieved total premiums earned for the quarter to the value of 9,438.42 billion NGN, with a net investment income of 412.89 billion NG reported.
AXA Mansard Insurance PLC’s realized and unrealized gains for the quarter were (10.38) million NGN, with total revenue of 8,438.59 billion NGN. The operating income that AXA Mansard Insurance PLC achieved for the quarter amounted to 381.29 billion NGN, with diluted normalized EPS of (0.01) NGN.
AXA Mansard Insurance PLC reported steady financial performance and consistent profits within the second quarter, which means that investors who want to buy or sell MANSARD stocks can expect solid dividends and returns.
An analysis done on the live chart of MANSARD, based on historic performance, shows that it is difficult to forecast the outlook for the end of the third quarter as AXA Mansard Insurance PLC and MANSARD shares experienced difficulties in performance year-to-date, having lost 55.1% of value in shares.
Whether AXA Mansard Insurance PLC can recover its share value and recover investor confidence is yet to be seen with the end of the third quarter of 2021 looming closer.
Highlights of AXA Mansard Insurance PLC in 2021
AXA Mansard Insurance PLC started the year with a share price of 1.05 NGN, but it lost 21% from this price valuation, which ranks it 146th on NGX in terms of the year-to-date performance. In addition, MANSARD shares are trading at 0.83 NGN [2021/09/20], 5.7% lower than their closing price of 0.88 NGN in the previous trading session.
Some investors and shareholders displayed growing concerns that could be seen in trading volumes because MANSARD shares lost 6% of their value from August 19 to date [2021/09/20].
Despite this, AXA Mansard Insurance PLC is the 22nd most-traded stock on the NGX and over the past three months, MANSARD achieved a total trading volume of 201 million shares, which were closed in 2,302 deals, valued at a total of 178 million NGN.
During these sessions, there was an average of 3.2 million shares and MANSARD stocks experienced an all-time high of 16.7 million in trading volume in June for this three-month period.
In September, AXA Mansard Insurance PLC received recognition as a market leader when it won the Industry Leadership Award during the Marketing Edge Awards in Lagos. AXA Mansard Insurance PLC was awarded as clear recognition for its professionalism and excellent service delivery.
How to buy AXA Mansard Insurance PLC stocks Step-by-step
The stock market is one of the most attractive financial markets that sees millions of retail investors and traders' participation daily. To buy, sell or trade MANSARD stocks, traders and investors can follow these simple steps:
- Find the share that you want to purchase, in this case, “MANSARD”.
- Select a forex broker that offers access to the Nigerian Stock Exchange(NGX).
- 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
- Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading
- Make your first share purchase through the broker.
- Build and diversify your portfolio when you buy more shares.
