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Mutual Benefits Assurance Plc (NGX: MBENEFIT) | Share Price

Nigel Firth
Nigel Frith trader
Updated 20 May 2024
OPEN DEMO TRADING ACCOUNT YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY
Mutual Benefits Assurance Plc

Mutual Benefits Assurance Plc is a Nigerian general and life insurance company listed on the Nigerian Stock Exchange (NGX) that provides services for underwriting and risk management and retail and microfinance banking. Mutual Benefits Assurance Plc also has interests in real estate development and management and operates a microfinance bank.

Overview of Mutual Benefits Assurance Plc

Today, Mutual Benefits Assurance Plc’s portfolio of products and services are diversified in more sectors of the Financials value chain and include the following: general and life insurance underwriting, risk management and provision of financial services, general business products, including property insurance, fire and special perils, professional indemnity, liability/bond insurance and goods-in-transit, and life insurance products, such as personal insurance, keyman assurance and mortgage protection.

The history of Mutual Benefits Assurance Plc goes back to 1948 when it was first founded, and it had been listed on 5 September 1990.

Mutual Benefits Assurance Plc has its head offices at Aret Adams House, 233 Ikorodu Road, P. O. Box 70986, Victoria Island, Nigeria.

Mutual Benefits Assurance

The current CEO/managing director of Mutual Benefits Assurance Plc is Femi Asenuga.

Mutual Benefits Assurance Plc's equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol MBENEFIT.

Mutual Benefits Assurance Plc forms part of the Insurance (Property & Casualty) Industry and the Financials Sector of the Nigerian Stock Exchange (NGX).

Mutual Benefits Assurance Plc Stock Performance

The current price for Mutual Benefits Assurance Plc stocks on the Nigerian Stock Exchange (NGX) is 0.26 Nigerian Naira (NGN).

An analysis of financial data of Mutual Benefits Assurance Plc showed that the company has a total market capitalisation of 5.22 Billion NGN, with a Price/Earning ratio of 2.36 and earnings per share of 0.11 NGN.

With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell Mutual Benefits Assurance Plc stocks can look forward to more profitable dividends and earnings in times to come.

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

Highlights of Mutual Benefits Assurance Plc in 2021

Mutual Benefits Assurance Plc started the current financial year (2021) with a share price of 0.27 Nigerian Naira (NGN) on the Nigerian Stock Exchange (NGX), and it has lost 3.7 % in value on its price valuation, ranking 111th on the NGX with its year-to-date performance.

Mutual Benefits Assurance Plc is currently the 12th most-traded stock on the NGX and it has experienced a total trading volume of more than 433 million shares, which were finalised in 1,110 deals and were valued at a total of 114 million Nigerian Naira (NGN) over the recent three month period from September to December 2021, with an average of 6.87 million shares in each trading session.

During the same period a volume high of 134 million was achieved on November 22 and a low of 55,236 on December 10.

Mutual Benefits - How To Trade

How to buy Mutual Benefits Assurance Plc 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 Mutual Benefits Assurance Plc stocks on the Nigerian Stock Exchange (NGX), traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “MBENEFIT”.
  2. Select a forex broker that offers access to the Nigerian Stock Exchange (NGX).
  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. Once your account has been activated, you are ready to make your first share purchase through the broker.
  6. From here you can start to build and diversify your portfolio by buying more shares.

FAQs

The Nigerian Stock Exchange (NGX) (officially the Nigerian Exchange Group) is a leading integrated market organisation in Africa servicing the continent’s largest economy, that of Nigeria. The Exchange provides capital access to companies that seek to take advantage of the financial markets to fund their business expansion. The NGX also provides its collection of domestic, regional, and international investors with an array of regulated securities to achieve their investment objectives.

The NGX publishes the benchmark, value-weighted All-Share Index (ASI), formulated in January 1984 with a base value of 100 and which tracks the general market movement of all listed equities on the Exchange.

The NGX30 and NGX50 are additional indices that track the top 30 and 50 companies in terms of market capitalization and liquidity respectively. Only fully paid-up common shares weighted by adjusted market capitalization are admitted to these indices.

In March 2021, the Nigerian Stock Exchange was transformed into a shareholder-owned, profit making entity, the Nigerian Exchange Group Plc, when it was demutualised from a member-owned not-for-profit entity.

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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.