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Sanlam Kenya Plc (NSE: SLAM)

Nigel Firth
Nigel Frith trader
Updated 5 May 2022

Overview of Sanlam Kenya Plc

Sanlam Kenya Plc (formerly Pan Africa Insurance Holdings Limited) is a Kenya-based holding company listed on the Nairobi Securities Exchange (NSE). Sanlam Kenya Plc’s principal activity is the underwriting of all classes of long-term insurance business, with the exception of industrial life insurance.

Sanlam Kenya Plc’s subsidiaries include PA Securities Limited and Pan Africa Life Assurance.

Today, Sanlam Kenya Plc’s portfolio of products and services are diversified in more sectors of the financial value chain and include the following: short- and long-term insurance, ordinary life insurance, superannuation, general insurance and investments, individual life, group and general insurance products and investment management services. It also offers financial planning, retirement fund management, investment and wealth management and diversified asset management.

The history of Sanlam Kenya Plc goes back to 1946 when it was founded, and it listed on 1 January 1963.

Sanlam Kenya Plc has its head offices at Sanlam House, Kenyatta Avenue, Nairobi, Kenya.

The current CEO of Sanlam Kenya Plc is Dr Patrick Tumbo.

Sanlam Kenya Plc’s equity stocks are for sale online on the Nairobi Securities Exchange (NSE) under the stock symbol SLAM.

Sanlam Kenya Plc forms part of the Financials Sector of the Nairobi Securities Exchange (NSE).

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Sanlam Kenya Plc Stock Performance

The current price for Sanlam Kenya Plc stocks on the Nairobi Securities Exchange (NSE) is 11.65 Kenyan Shilling (KES).

SLAM stocks closed a recent trading day (22 October 2021) at 11.65 KES per share on the Nairobi Securities Exchange (NSE), experiencing a 1.3% gain from its previous closing price of 11.50 KES.

An analysis of financial data of Sanlam Kenya Plc showed that the company has a total market capitalisation of 1.68 Billion KES, with a Price/Earning ratio of 14.75 and earnings per share of 0.79 KES. A total of 144 Million shares were outstanding.

Sanlam Kenya Plc showed stable profits for the 2021 mid-year period that ended in June. According to the earnings release and income statement for Sanlam Kenya Plc, total premiums earned for the period amounted to 47,663 million KES, with total revenue of 92,563 million KES.

The operating income accumulated for the period was 6,916 million KES and net income achieved was 3,716 million KES.

With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell Sanlam Kenya Plc stocks can look forward to more profitable dividends and earnings in times to come.

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

AskTraders-Kenyan-Stocks-Sanlam-Kenya-Plc--Ord-5

Highlights of Sanlam Kenya Plc in 2021

Sanlam Kenya Plc started the current financial year (2021) with a share price of 12.95 Kenyan Shilling (KES) on the Nairobi Securities Exchange (NSE), and it has lost 10 % in value on its price valuation, ranking 51st on the NSE where its year-to-date performance is concerned.

Sanlam Kenya Plc is currently the 42nd most-traded stock on the NSE and it has experienced a total trading volume of more than 291,800 shares, which were finalised in 143 deals and were valued at a total of 3.19 million Kenyan Shilling (KES) over the recent three month period from July to October 2021, with an average of 4,632 shares in each trading session.

During the same period a volume high of 135,600 was achieved on 9 August.

How to buy Sanlam Kenya Plc stocks – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders participating daily. To buy, sell or trade Sanlam Kenya Plc stocks on the Nairobi Securities Exchange (NSE), traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “SLAM”.
  2. Select a forex broker that offers access to the Nairobi Securities Exchange (NSE).
  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. Once your account has been activated, you are ready to make your first share purchase through the broker.
  6. From here you can start to build and diversify your portfolio by buying more shares.

FAQs

The Nairobi Securities Exchange (NSE)was established in 1954 as the leading stock exchange in East Africa and offers world class trading facilities for local and foreign investors looking to gain exposure to the country’s rising economy.

The bourse is based in the capital of Kenya, one of the fastest-growing economies in Sub-Saharan Africa. The NSE operates under the jurisdiction of the Capital Markets Authority of Kenya and is overseen by a board of directors. In 2014, the NSE demutualised and became listed on the main board of its own exchange.

In 2011, the NSE introduced the FTSE NSE Kenya 15 and FTSE NSE Kenya 25 indices for the creation of index tracking funds and derivative products and as performance benchmarks.

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Nigel Firth
Nigel Frith trader
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.