Old Mutual Plc. JSE: OML

Old Mutual shares

Background of Old Mutual

  • Old Mutual was established in Cape Town in 1845 as the first mutual life insurance company in South Africa. Today, the group is a diversified insurance, investment, savings and banking services provider with 18.9 million customers and over 64 000 employees spread across Africa, Europe, the Americas and Asia. Old Mutual shares have been for sale through a primary listing on the London Stock Exchange and a secondary listing on the Johannesburg Stock Exchange (JSE). It is also has secondary listings on the stock exchanges of Namibia, Malawi and Zimbabwe and is a constituent of the FTSE 100 index.

  • Old Mutual consists of four main businesses: Old Mutual Emerging Markets, Nedbank, Old Mutual Wealth and Old Mutual Asset Management.

  • Old Mutual provides the full portfolio of financial services to both personal and corporate clients. As of December 2015, the company had £303.8 billion worth of assets under its management.

Old Mutual Shares Growth Driver

  • Following the appointment of new CEO Bruce Hemphill in 2015, Old Mutual initiated a strategic review and formed a new strategy to separate its four underlying businesses by the end of 2018. All four of the divisions had benefited from significant capital investment and were registering strong performance in sizeable markets, but there were found to be limited synergies between them, which hampered growth in Old Mutual share price.

  • Management has said that the separation of the group will be effected in a manner that maximises value to shareholders over time, but details of exactly how this will happen are yet to be confirmed.

  • Commentators suggest that Old Mutual may shrink down to a company focused on South Africa and emerging markets banking and insurance, with shares available to buy through a primary listing on the JSE and a strategic minority stake in Nedbank. UK-based Old Mutual Wealth and Us-based Old Mutual Asset Management will most likely be sold, with Old Mutual shareholders receiving good payouts.

  • The decision follows Old Mutual undergoing substantial changes to simplify their business, focus on customers and core competencies, buy into operational performance and reduce risk through lowering of debt and investment in governance and controls.

Old Mutual Group Investor Tip

  • With Old Mutual not having released many details about the separation process, there is currently uncertainty about the prospects of the company and Old Mutual share price. Current shareholders may see good profits coming from the sale of key aspects of the company though. Market analysts are currently predicting that Old Mutual may outperform the market, with the forecast that Old Mutual share price could rise by 10% on the live online stocks chart in the near future. The South African and emerging market businesses, which will form the basis of Old Mutual in the future, have been performing well and recording positive growth. This should give investors the confidence to purchase Old Mutual shares.

Old Mutual Major Shareholders

Public Investment Corporation of the RSA, Black Rock Inc, Coronation Asset Management (Pty) Ltd and Sanlam Investment Management (Pty) Ltd.

  • Sector

    Financials

  • Industry

    Insurance

  • Sub industry

    Life Insurance

How to buy Old Mutual Group Shares

  • Old Mutual : How to buy Old Mutual Group Shares Online

    We have made it simple to buy JSE listed firm shares online. The easiest way to buy Old Mutual Group shares or stocks is to; start by submitting the ‘BUY THIS SHARE’ form. Next, one of our experienced and certified stock brokers will personally get in contact with you to discuss your custom stock request. Finally, a stock advisor will confirm the amount of shares you are looking to invest in Old Mutual and assist you with the setup and management of your stock portfolio account.

  • Here are the steps you must follow to Buy / Purchase Old Mutual Group shares with utmost confidence:

    1. Start by Filling in the BUY THIS SHARE form.
    2. Insert your name, email, telephone number and monthly remuneration.
    3. Then, Indicate the amount you are looking to invest in Old Mutual.
    4. Click the “ INVEST NOW” button
    5. Once we have received your info, a dedicated stock advisor will personally call you back to discuss your personal share request.
    6. Lastly, your newly appointed personal stock advisor will handle all account setups and reporting as stipulated by the financial services board of South Africa (FSB)
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<a href="https://www.sashares.co.za/old-mutual-shares">Credits: SA Shares™</a>
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