Sanlam (OTCMKTS:SLLDY – Get Free Report) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Wednesday,Zacks.com reports.
Sanlam Stock Up 1.2%
Shares of SLLDY opened at C$10.90 on Wednesday. Sanlam has a 1 year low of C$9.38 and a 1 year high of C$13.68. The business’s 50 day simple moving average is C$10.69 and its 200-day simple 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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