Old Mutual (LON:OML) released its quarterly earnings data on Thursday, March 15th. The company reported GBX 24.30 ($0.34) EPS for the quarter, beating the consensus estimate of GBX 22.40 ($0.31) by GBX 1.90 ($0.03), Bloomberg Earnings reports. The company had revenue of GBX 422.50 billion for the quarter. Old Mutual had a return on equity of 12.44% and a net margin of 6.11%.
LON:OML traded up GBX 0.10 ($0.00) during midday trading on Friday, hitting GBX 235.30 ($3.30). 10,256,894 shares of the stock were exchanged, compared to its average volume of 12,150,000. Old Mutual has a one year low of GBX 184.20 ($2.59) and a one year high of GBX 259.60 ($3.64).
The company also recently announced a dividend, which will be paid on Monday, April 30th. Investors of record on Thursday, April 5th will be issued a dividend of GBX 3.57 ($0.05) per share. This is a boost from Old Mutual’s previous dividend of $3.53. The ex-dividend date is Thursday, April 5th. This represents a yield of 1.43%.
A number of equities analysts recently commented on OML shares. Deutsche Bank reiterated a “buy” rating and issued a GBX 270 ($3.79) price target (up from GBX 260 ($3.65)) on shares of Old Mutual in a research note on Monday, March 12th. Shore Capital reiterated a “buy” rating on shares of Old Mutual in a research note on Tuesday, December 19th. Barclays lifted their target price on Old Mutual from GBX 188 ($2.64) to GBX 203 ($2.85) and gave the company an “equal weight” rating in a research note on Monday, December 11th. Finally, Citigroup restated a “buy” rating on shares of Old Mutual in a research note on Monday, March 12th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of GBX 226 ($3.17).
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Old Mutual Company Profile
Old Mutual plc is a United Kingdom-based holding company. The Company’s business activities include life assurance, banking, and property and casualty The Company’s segments include Emerging Markets, Nedbank, and Old Mutual Wealth. The Other segment includes central activities. The Emerging Markets segment is engaged in providing life assurance, property and casualty, asset management and banking services.
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