Zacks Research lowered shares of Sanlam (OTCMKTS:SLLDY – Free Report) from a hold rating to a strong sell rating in a research report report published on Wednesday morning,Zacks.com reports.
Sanlam Trading Up 1.2%
Shares of SLLDY stock opened at C$10.90 on Wednesday. Sanlam has a 12 month low of C$9.38 and a 12 month high of C$13.68. The business’s 50 day moving average is C$10.69 and its two-hundred day moving average is C$11.48.
Sanlam Company Profile
Sanlam Limited (OTCMKTS:SLLDY) is a South African financial services group offering a broad array of insurance, investment and wealth management solutions. Headquartered in Bellville, Cape Town, the company provides life and health insurance, general insurance products, retirement planning and savings vehicles to individual and corporate clients. Through its network of advisors and digital platforms, Sanlam seeks to deliver tailored financial planning, estate planning, risk cover and wealth preservation services across multiple market segments.
Founded in 1918 as the South African Life Assurance and Investment Society, Sanlam has grown into one of the continent’s largest insurers.
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