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Mutual Benefits Assurance

Buy Mutual Benefits Assurance stocks

Mutual Benefits Assurance (NGX: MBENEFIT) Stocks

What is Mutual Benefits Assurance Plc

Mutual Benefits Assurance Plc is a Nigerian general and life insurance company that provides services for underwriting and risk management as well as retail and microfinance banking.

The general insurance of Mutual Benefits Assurance Plc covers the protection of assets and indemnification of other parties while its life insurance covers risk of premature death, disability, critical illness and other accidents. Mutual Benefits Assurance Plc also offers property insurance, fire and special perils insurance, professional indemnity, liability/bond insurance, goods-in-transit insurance, personal insurance, keyman assurance and mortgage protection.

Mutual Benefits Assurance Plc further has interests in real estate development and management and operates a Microfinance Bank that provides retail and microfinance banking services at community level.

The history of Mutual Benefits Assurance Plc can be traced back to 1948 when it was founded, and it was listed on 5September 1990

Today, Mutual Benefits Assurance Plc has a diversified portfolio in more sectors of the Financials value chain and renders the following services: general and life insurance underwriting, risk management and provision of financial services. The Company operates through four segments: General business, Life business, Real Estate,and Microfinance Bank. It offers 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.

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 has its headquarters at Aret Adams House, 233 Ikorodu Road, P. O. Box 70986, Victoria Island, Nigeria.

The current Managing Director and CEO of Mutual Benefits Assurance Plc is Femi Asenuga.

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

 

Mutual Benefits Assurance Plc Stock Performance

The current price for Mutual Benefits Assurance Plc stocks is 0.26 Nigerian Naira (NGN). The company has a total market capitalisation of 5.22 Billion NGN with a P/E ratio of 2.36 and earnings per share of 0.11 NGN. A total of 20.1 Billion shares are outstanding.

With an increase of earnings per share and consistent profits over a period, investors who want to buy or sell Mutual Benefits Assurance Plc stocks can be assured of lucrative 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 2022

Mutual Benefits Assurance Plc started the year with a share price of 0.27 NGN, and it has lost 3.7 % in value on its price valuation, ranking 115th on the NGX where year-to-date performance is concerned.

Mutual Benefits Assurance Plc is currently the 13th most-traded stock on the NGX and it has experienced a total trading volume of more than 427 million shares, which were finalized in 1,296 deals and were valued at a total of 123 million NGN over three months, with an average of 6.77 million shares in each trading session.

The highest volume shares traded on one single day was 52.4 million, achieved on 1 November.

 

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’ participation daily. To buy, sell or trade Mutual Benefits Assurance Plc stocks, 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. You are now ready to make your first share purchase through the broker.
  6. You can further start to build and diversify your portfolio by buying more shares.


FAQs

What is the NGX?

The Nigerian Stock Exchange (NGX), officially known as the Nigerian Exchange Group, comprises leading integrated market infrastructure in Africa that is servicing the Nigerian economy – the continent’s largest. The NGX provides capital access to companies that are seeking to gain the support of the financial markets to fund their business expansion.

Similarly, NGX offers its pool of domestic, regional, and international investors an assortment of regulated securities to in turn achieve their investment objectives.

Since March 2022, the former Nigerian Stock Exchange was demutualised from a member-owned not-for-profit entity into a shareholder-owned, profit making entity called the Nigerian Exchange Group Plc.

NGX publishes the standard, value-weighted All-Share Index (ASI), formulated in January 1984 with a base value of 100. The ASI tracks the general market movement of all listed equities on the Exchange, including those listed on the Growth Board, regardless of capitalisation.

Additional indices include the NGX30 and NGX50 which correspondingly track the top 30 and 50 companies in terms of market capitalisation and liquidity. Both of these indices, in which only fully paid-up common shares are admitted, are weighted by adjusted market capitalisation.

 

On which stock exchange does Mutual Benefits Assurance Plc have shares for sale?

Mutual Benefits Assurance Plc trades its equity on the Nigerian Stock Exchange (NGX) under the stock symbol MBENEFIT.

 

What type of company is Mutual Benefits Assurance Plc?

Mutual Benefits Assurance Plc is a Nigerian general and life insurance company that provides services for underwriting and risk management as well as retail and microfinance banking.

 

In which industry and sector does Mutual Benefits Assurance Plc operate?

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

 

What is the price of Mutual Benefits Assurance Plc shares today?

At the time of writing, the current price of Mutual Benefits Assurance Plc shares was 0.26 NGN.

 

Is Mutual Benefits Assurance Plc a good investment?

Mutual Benefits Assurance Plc’s forecast indicates further growth and improvement in the second half of 2022, with investors expecting lucrative dividends and returns with increased financial performance.

 

What is the risk analysis for Mutual Benefits Assurance Plc?

Mutual Benefits Assurance Plc has experienced a growth in stock price of 4.00 % over the last year. Shareholders should note however that MBENEFIT has lost 7 % of the stock’s value from 22 October to 20 November.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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