📈 Popular:

Broker of the month

Top 27 Regulated Forex Brokers

Forex No Deposit Bonuses

Promotions

⚡ Easily Trade – Apple, Microsoft , Tesla and Google Stocks – Open a FREE Account Here

Best Brokers

1st Place

2nd Place

3rd Place

4th Place

5th Place

Prestige Assurance

Buy Prestige Assurance stocks

Prestige Assurance (NGX: PRESTIGE) Stocks

What is Prestige Assurance Plc

Prestige Assurance Plc is a Nigeria based company that is engaged in non-life insurance business with its core business areas including motor, marine, bond, engineering, fire, aviation, oil and gas, and general accident insurance.

Prestige Assurance Plc is licensed to cover all classes on non-life insurance; hence it also provides all risk insurance and products for group personal accident, burglary, fidelity guarantee, workmen’s compensation, machinery breakdown, fire and allied perils, consequential loss insurance and liability insurance.

Prestige Assurance Plc is a subsidiary of The New India Assurance Company Limited in Mumbai.

The history of Prestige Assurance Plc can be traced back to 1952 when the company was established, and it was listed on the Nigerian Stock Exchange (NGX) on December 3, 1990.

Today, Prestige Assurance Plc has a diversified portfolio in more sectors of the Financials value chain and renders the following services: insurance underwriting, claims administration and management of liquidity by investing the surplus in fixed deposits, bonds and treasury bills. Prestige Assurance Plc’s services also include lease financing, risk management advices, policy audit and customer education and it provides commercial insurance, industrial insurance, liability insurance and personal insurance. The commercial insurance covers fire, theft and accident from any fortuitous cause, among others. The industrial insurance covers machinery breakdown, electronics equipment policy, consequential loss and contractors all risk, among others. The personal insurance covers motor, group personal accident, money policy, personal accident policy and burglary, among others.

Prestige Assurance Plc’s equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol PRESTIGE.

Prestige Assurance Plc has its headquarters at Prestige House, 19, Ligali Ayorinde Street, Victoria Island, Lagos, Nigeria.

The current Managing Director/Chief Executive Officer of Prestige Assurance Plc is Balla Swamy.

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

 

Prestige Assurance Plc Stock Performance

The current price for Prestige Assurance Plc stocks is 0.47 Nigerian Naira (NGN). The company has a total market capitalisation of 6.23 Billion NGN with a P/E ratio of 5.88 and earnings per share of 0.08 NGN. A total of 13.3 Billion shares are outstanding.

With an increase of earnings per share and consistent profits over a period, investors who want to buy or sell Prestige Assurance Plc stocks can be assured of lucrative dividends and earnings in times to come.

According to an analysis on the live chart of Prestige Assurance Plc, analysts forecast further improved performance for the Financials sector with market share growing as trading volumes increase.


Highlights of Prestige Assurance Plc in 2022

Prestige Assurance Plc started the year with a share price of 0.46 NGN, and it has gained 2.17 % in value on its price valuation, ranking 66th on the NGX where year-to-date performance is concerned.

Prestige Assurance Plc is currently the 67th most-traded stock on the NGX and it has experienced a total trading volume of more than 23.3 million shares, which were finalized in 397 deals and were valued at a total of 10.3 million NGN over three months, with an average of 369,482 shares in each trading session.

The highest volume shares traded on one single day was 2.31 million, achieved on 8 October.

 

How to buy Prestige 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 Prestige Assurance Plc stocks, traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “PRESTIGE”.
  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 Prestige Assurance Plc have shares for sale?

Prestige Assurance Plc trades its equity on the Nigerian Stock Exchange (NGX) under the stock symbol PRESTIGE.

 

What type of company is Prestige Assurance Plc?

Prestige Assurance Plc is a Nigeria based company that is engaged in non-life insurance business with its core business areas including motor, marine, bond, engineering, fire, aviation, oil and gas, and general accident insurance.

 

In which industry and sector does Prestige Assurance Plc operate?

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

 

What is the price of Prestige Assurance Plc shares today?

At the time of writing, the current price of Prestige Assurance Plc shares was 0.47 NGN.

 

Is Prestige Assurance Plc a good investment?

Prestige 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 Prestige Assurance Plc?

Prestige Assurance Plc experienced a decrease of 14.55 % in the value of its stocks over the past year.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

You might also like

Swissquote Minimum Deposit

  The minimum deposit required to open a Swissquote Account is $1000 USD.  Swissquote provides 3 different live trading accounts, Standard, Premium, and Prime.  

10 Best Forex Brokers in Malawi

  The Top 10 Best Forex Brokers in Malawi revealed. We have rated and reviewed the best Forex Brokers accepting Malawian Traders.   This is a

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x