Old Mutual plc (LON:OML)’s share price traded down 0.9% during trading on Wednesday . The stock traded as low as GBX 198.50 ($2.56) and last traded at GBX 198.70 ($2.57). 7,078,359 shares were traded during mid-day trading, a decline of 5% from the average session volume of 7,458,310 shares. The stock had previously closed at GBX 200.60 ($2.59).

Several equities analysts have recently commented on the company. Deutsche Bank AG restated a “buy” rating and issued a GBX 230 ($2.97) price objective on shares of Old Mutual plc in a research report on Monday, August 14th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a GBX 205 ($2.65) price objective on shares of Old Mutual plc in a research report on Tuesday. Finally, Shore Capital restated a “buy” rating on shares of Old Mutual plc in a research report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of GBX 214 ($2.76).

The firm has a 50 day moving average of GBX 202.95 and a 200 day moving average of GBX 201.80. The company’s market cap is GBX 9.21 billion.

The firm also recently announced a dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Thursday, September 21st will be paid a GBX 3.53 ($0.05) dividend. This represents a yield of 1.69%. This is a positive change from Old Mutual plc’s previous dividend of $3.39. The ex-dividend date is Thursday, September 21st.

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About Old Mutual plc

Old Mutual plc is a United Kingdom-based holding company. The Company’s business activities include life assurance, asset management business, banking, and property and casualty The Company’s segments include Emerging Markets, Nedbank, Old Mutual Wealth and Institutional Asset Management. The Other segment includes central activities.

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