Insider Buying: Conduit Holdings Limited (LON:CRE) Insider Purchases 31,916 Shares of Stock

Conduit Holdings Limited (LON:CRE - Get Free Report) insider Neil David Eckert bought 31,916 shares of the stock in a transaction dated Tuesday, March 25th. The stock was bought at an average cost of GBX 364 ($4.71) per share, with a total value of £116,174.24 ($150,212.36).

Conduit Stock Performance

Shares of LON CRE traded down GBX 3 ($0.04) during trading hours on Friday, hitting GBX 352 ($4.55). The company's stock had a trading volume of 167,798 shares, compared to its average volume of 973,615. Conduit Holdings Limited has a 12 month low of GBX 347 ($4.49) and a 12 month high of GBX 549.74 ($7.11). The stock has a market cap of £707.69 million, a price-to-earnings ratio of 3.32 and a beta of 0.52. The business has a 50-day simple moving average of GBX 411.60 and a 200-day simple moving average of GBX 468.96.

Conduit Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, March 20th will be given a $0.18 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a dividend yield of 3.54%. Conduit's dividend payout ratio is currently 26.41%.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 700 ($9.05) target price on shares of Conduit in a research note on Wednesday, February 12th.

Conduit Company Profile

Conduit Re is a pure play global reinsurance business based in Bermuda. Conduit Reinsurance Limited is licensed by the Bermuda Monetary Authority as a Class 4 insurer. A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) to Conduit Reinsurance Limited.