Insider Selling: Old Mutual plc (OML) Insider Sells 34,500 Shares of Stock

Old Mutual plc (LON:OML) insider Zoe Cruz sold 34,500 shares of the firm’s stock in a transaction on Monday, May 14th. The stock was sold at an average price of GBX 256 ($3.47), for a total transaction of £88,320 ($119,804.67).

OML opened at GBX 249.70 ($3.39) on Friday. Old Mutual plc has a fifty-two week low of GBX 184.20 ($2.50) and a fifty-two week high of GBX 259.60 ($3.52).

Old Mutual (LON:OML) last posted its quarterly earnings results on Thursday, March 15th. The company reported GBX 24.30 ($0.33) earnings per share for the quarter, topping the Zacks’ consensus estimate of GBX 22.40 ($0.30) by GBX 1.90 ($0.03). Old Mutual had a net margin of 6.11% and a return on equity of 12.44%. The firm had revenue of GBX 422.50 billion for the quarter.

The firm also recently declared a dividend, which was paid on Monday, April 30th. Shareholders of record on Thursday, April 5th were paid a dividend of GBX 3.57 ($0.05) per share. The ex-dividend date of this dividend was Thursday, April 5th. This represents a yield of 1.43%. This is an increase from Old Mutual’s previous dividend of $3.53.

Several equities research analysts have recently issued reports on OML shares. Citigroup restated a “buy” rating on shares of Old Mutual in a research note on Monday, March 12th. Barclays restated an “equal weight” rating and issued a GBX 203 ($2.75) price objective on shares of Old Mutual in a research note on Thursday, February 1st. Finally, Deutsche Bank restated a “buy” rating and issued a GBX 270 ($3.66) price objective (up previously from GBX 260 ($3.53)) on shares of Old Mutual in a research note on Monday, March 12th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Old Mutual has a consensus rating of “Buy” and a consensus target price of GBX 226 ($3.07).

Old Mutual Company Profile

Old Mutual plc provides financial services to retail and corporate customers worldwide. The company offers life and savings, property and casualty insurance, asset management, and banking and lending products and services. It distributes its products through independent advisers, branches, bancassurance, direct and digital channels, and worksites.

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